Change in Director / Key Managerial Personnel

Nature of change: Reappointment of Statutory Auditors and Executive Directors

Reappointment of Statutory Auditors:

  • Name: M/s M. Mehta & Company, Chartered Accountants (FRN: 000957C)
  • Effective Date: 12th August 2026
  • Term: Five years - from conclusion of 30th AGM until conclusion of 35th Annual General Meeting in 2031

Reappointment of Chairman & Managing Director:

  • Name: Mr. Shiv Singh Mehta (DIN: 00023523)
  • Effective Date: 12th January 2027
  • Term: Three years - until 11th January 2030
  • Qualifications: Bachelor degree in Electrical Engineering, Master's Degree in Business Administration
  • Profile: Founder and core promoter of Kriti Group of Industries, which comprises Kriti Industries (India) Ltd, Kriti Nutrient Ltd., and Kriti Auto Engineering & Plastics Pvt. Ltd. with group annual turnover of about ₹1500 crore
  • Relationships: Relative of Mrs. Purnima Mehta (Wife, Director) and Mr. Saurabh Singh Mehta (Son, Whole Time Director)
  • SEBI Compliance: Affirmed not debarred from holding office by virtue of any SEBI Order or other authority

Reappointment of Joint Managing Director:

  • Name: Mr. Saurabh Singh Mehta (DIN: 00023591)
  • Designation: Whole Time Director designated as Joint Managing Director
  • Effective Date: 1st August 2027
  • Term: Three years - until 31st July 2030
  • Qualifications: BE in Computer Science from Ohio State University, MBA in family business from S.P Jain Institute of Management & Research
  • Profile: Over 13 years of diverse industry experience, past involvement in regional sports activities, Past President of Leo Club Indore (received Best President and best Club leader awards), interest in western music with pass grade from Associated Board of Royal School of Music, London
  • Relationships: Relative of Shri Shiv Singh Mehta (Father, Chairman & Managing Director) and Smt. Purnima Mehta (Mother, Director)
  • SEBI Compliance: Affirmed not debarred from holding office by virtue of any SEBI Order or other authority

Key Financial or Operational Approvals

The Members of the Company at the 30th Annual General Meeting held on Wednesday, 12th August 2026 (results declared on 14th August 2026) approved the reappointments under Regulation 30(2) read with clause 7 of Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Strategic or Business Context

The reappointment of the statutory auditors with extensive experience since 1976, including audits of Public Limited Listed and Unlisted Companies, Banks Branch & Insurance Audit, C & AG Audits of Public Sector Companies, and Internal Auditor services for various renowned Corporate Houses & big groups, provides continuity in financial oversight and governance.

The leadership continuity with the founder Chairman & Managing Director and his son as Joint Managing Director ensures stability in managing the Kriti Group of Industries with approximately ₹1500 crore annual turnover.

Any Other Material Information

  • The company is in process of filing the appointments in XBRL format within stipulated time
  • The information will be hosted on the company website
  • Corporate Identification Number: L24132MP1996PLC011245