
Management Change30 Jun 2026, 06:01 pm
Kitex Garments Appoints Bijoy Philipose as Independent Director
AI Summary
Kitex Garments Ltd announced the appointment of Mr. Bijoy Philipose as a Non-Executive Independent Director, effective June 30, 2026. The appointment, approved unanimously by the Board of Directors based on the Nomination and Remuneration Committee's recommendation, is for a term of five years, subject to shareholder approval. Mr. Philipose is the promoter and Managing Director of Sevana Electrical Appliances Private Limited and is not related to any existing directors. He meets the criteria for independence as per the Companies Act, 2013 and Listing Regulations.
Key Highlights
- Bijoy Philipose appointed Non-Executive Independent Director.
- Appointment is for a term of five years.
- Director meets independence criteria.
- Appointment subject to shareholder approval.
Price Impact
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