Nature of change: Appointment of Additional Director (Non-Executive Independent)
Name and DIN: Mr. Bijoy Philipose (DIN: 00516331)
Effective date and tenure: Effective from June 30, 2026. Term approved for five (5) years, subject to shareholder approval as per regulatory requirements.
Profile and qualifications: Mr. Bijoy Philipose is a graduate in BSc Computer Science from Bharatiar University and holds a Masters in Computer Application from Madurai Kamaraj University. He is the promoter and currently the Managing Director of Sevana Electrical Appliances Private Limited, an entity engaged in manufacturing packaging machines, instrumentation and control panels, domestic appliances and tools.
Eligibility confirmation: The company confirms that Mr. Philipose satisfies the criteria of independence as prescribed under the Companies Act, 2013 and SEBI Listing Regulations. He is not debarred from holding the office of Director by virtue of any order issued by SEBI or any other Authority.
Relationship with other directors: Mr. Bijoy Philipose is not related to any of the Directors of the Company.
Previous KMP: Not disclosed in this filing.
Governance implications: As an Independent Director, this appointment strengthens board independence and governance oversight.
Key Financial or Operational Approvals
The Board meeting was held on June 30, 2026, from 3:30 p.m. to 4:30 p.m. (IST)
No financial results, fundraising, acquisitions, capital infusion, business restructuring, or dividend declarations were mentioned in this disclosure.
Strategic or Business Context
No business outlook, risks, demand trends, regulatory developments, or expansion plans were disclosed in this filing.
Any Other Material Information
Regulatory compliance: The appointment was made based on the recommendation of the Nomination and Remuneration Committee
Regulatory references: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Exchange compliance: Confirmation provided in compliance with circulars issued by National Stock Exchange of India Limited and BSE Limited (both dated June 20, 2018)
Company details: BSE Scrip Code: 521248, NSE Symbol: KITEX
