Kothari Fermentation & Biochem Ltd Approves Reappointment and Remuneration Revision for Key Directors
Kothari Fermentation & Biochem Ltd announced that its Board of Directors, during a meeting held on April 08, 2026, approved the re-appointment and revision of remuneration for its Chairman and Managing Director and Whole Time Director. The decisions are subject to the approval of shareholders at the forthcoming general meeting.The Board Meeting commenced at 10:30 AM and concluded at 12:00 PM.
The board's decisions regarding Mr. Pramod Kumar Kothari and Mrs. Kavita Devi Kothari are detailed below:
Mr. Pramod Kumar Kothari Reappointment Details
Mr. Pramod Kumar Kothari was re-appointed as Chairman and Managing Director of the company. His tenure will be for a period of three years, commencing from April 1, 2026, and ending on March 31, 2029. The remuneration for Mr. Kothari has been revised to Rs. 6,00,000/- per month.Details regarding the reappointment and remuneration revision for Mr. Pramod Kumar Kothari are presented in the table below:
| Particulars | Details |
|---|---|
| Reason for Change | Reappointment of Mr. Pramod Kumar Kothari (DIN 00086145) as Chairman and Managing Director of the Company, liable to retire by rotation, for a period of three years commencing from April 1, 2026 and ending on March 31, 2029, on the recommendation of the Nomination and Remuneration Committee and subject to the approval of shareholders in the forthcoming general meeting. |
| Terms of Appointment | Re-appointed with effect from April 1, 2026, for a term of three (3) years. His remuneration has been revised to Rs. 6,00,000/- per month, along with such other terms and conditions as approved by the Board, subject to approval of shareholders. |
| Relationships Disclosure | Mr. Pramod Kumar Kothari is the husband of Mrs. Kavita Devi Kothari, Whole-Time Director; father of Mr. Siddhant Kothari, Whole-Time Director; and father-in-law of Ms. Janhavi Kothari, Executive Director (Purchase Department) of the Company. |
Mrs. Kavita Devi Kothari Reappointment Details
Similarly, Mrs. Kavita Devi Kothari was re-appointed as Whole Time Director. Her term will be for three years, starting from April 1, 2026, and ending on March 31, 2029. Her revised remuneration stands at Rs. 5,75,000/- per month.The key details concerning Mrs. Kavita Devi Kothari's reappointment are summarized in this table:
| Particulars | Details |
|---|---|
| Reason for Change | Reappointment of Mrs. Kavita Devi Kothari (DIN: 00120415) as Whole Time Director of the Company, liable to retire by rotation, for a period of three years commencing from April 1, 2026 and ending on March 31, 2029, on the recommendation of the Nomination and Remuneration Committee and subject to the approval and ratification of shareholders in the forthcoming general meeting. |
| Terms of Appointment | Re-appointed with effect from April 1, 2026, for a term of three (3) years. Her remuneration has been revised to Rs. 5,75,000/- per month, along with such other terms and conditions as approved by the Board, subject to approval of shareholders. |
| Relationships Disclosure | Mrs. Kavita Devi Kothari is the wife of Mr. Pramod Kumar Kothari, Chairman and Managing Director; mother of Mr. Siddhant Kothari, Whole-Time Director; and mother-in-law of Ms. Janhavi Kothari, Executive Director (Purchase Department) of the Company. |
The company also provided the following relationship disclosures:
- Mr. Pramod Kumar Kothari is the father of Mr. Siddhant Kothari, Whole-Time Director.
- Mrs. Kavita Devi Kothari is the mother of Mr. Siddhant Kothari, Whole-Time Director.
- Mr. Pramod Kumar Kothari is the father-in-law of Ms. Janhavi Kothari, Executive Director (Purchase Department) of the Company.
- Mrs. Kavita Devi Kothari is the mother-in-law of Ms. Janhavi Kothari, Executive Director (Purchase Department) of the Company.
Stock Price Movement
As of 12:44 PM, Kothari Fermentation & Biochem Ltd shares are declining to ₹42.00, marking a 3.25% dip for the day. The stock has seen significant intraday movement, finding support between ₹38.52 and hitting a high of ₹44.00.Source:
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