K.P.R. Mill: Subsidiary struck off, new director appointed

K.P.R. Mill Limited [BSE:KPRMILL] announced that its wholly-owned subsidiary, KPR MILL PTE. LTD, was struck off from the register of Accounting and Corporate Regulatory Authority (ACRA) of Singapore effective March 11, 2025. The subsidiary accounted for a minimal 0.01% of K.P.R. Mill's consolidated net worth, with a net worth of Rs.44 Lakhs for FY 2023-24. The subsidiary was no longer required. Simultaneously, K.P.R. Mill appointed Mr. M.V.Jeganathan as an Additional Director and Independent Director, effective March 11, 2025, for a five-year term, succeeding Dr. S. Renganayakei. The appointment is subject to shareholder approval. Mr. Jeganathan, a Chartered Accountant and experienced professional, will also serve on the Audit Committee and Nomination & Remuneration Committee of Lakshmi Engineering.