Kokuyo Camlin proposes executive director appointment amid performance decline

Kokuyo Camlin Limited is seeking shareholder approval for the appointment of Takashi Itoguchi as an executive director for a three-year term, from August 8, 2025, to August 7, 2028. The proposed remuneration includes a monthly salary of ₹2,26,000, house rent allowance of ₹92,217 per month, and furnished accommodation with monthly rentals not exceeding ₹2,00,000. Itoguchi, who joined Kokuyo in 1998, brings 27 years of experience in business analysis and budgeting.

The company's financial performance for FY2024-25 shows revenue from operations of ₹76,252.88 lakhs, a significant decrease from ₹81,589.33 lakhs in FY2023-24. Kokuyo Camlin reported a profit before tax of ₹874.82 lakhs and a profit after tax of ₹583.30 lakhs for FY2024-25, down from ₹5,938.23 lakhs and ₹4,383.20 lakhs, respectively, in the previous fiscal year. This decline is attributed to cautious consumer sentiment, elevated competitive intensity, and a ₹2,356.81 lakhs impact from inventory discrepancies.

The postal ballot remote e-voting will commence on September 17, 2025, and conclude on October 16, 2025, with results announced by October 18, 2025. Kokuyo Camlin anticipates improved productivity and profitability in the upcoming financial year, driven by initiatives to strengthen governance, controls, and IT capabilities.