StockWatch
·
Speciality Retail
Board Meeting21 May 2026, 08:01 pm

Credo Brands Reappoints Kamal Khushlani as CMD

AI Summary

Credo Brands Marketing Ltd's board re-appointed Mr. Kamal Khushlani as Chairman and Managing Director for five years, effective March 8, 2027, subject to shareholder approval. The board also approved audited standalone financial statements and results for FY26, recommending a dividend of ₹2.00 per share. The meeting, which commenced at 6:15 p.m. and concluded at 7:00 p.m., also saw the affirmation that Mr. Khushlani is not debarred from holding office.

Key Highlights

  • Kamal Khushlani re-appointed as Chairman and MD for five years effective March 8, 2027.
  • FY26 audited standalone financial statements approved by the board.
  • Dividend of ₹2.00 per equity share recommended for FY26.
  • Auditors issued unmodified opinion on standalone financial results for FY26.
  • Kamal Khushlani is not debarred from holding the office of Director.