KCP Limited proposes re-appointment, remuneration for key directors

KCP Limited has initiated a postal ballot to seek shareholder approval for the re-appointment of Dr. V.L. Indira Dutt as chairperson and managing director and Smt. V. Kavitha Dutt as joint managing director. Each re-appointment is for three years effective March 1, 2026.

Dr. V.L. Indira Dutt's proposed monthly remuneration is INR 1,300,000, with perquisites including free accommodation and an annual medical reimbursement of INR 40,000. Her total remuneration, including commission, will not exceed 5.5% of the company's net profits.

Smt. V. Kavitha Dutt’s proposed monthly salary is INR 1,100,000, along with perquisites such as a 40% HRA and an annual medical reimbursement of INR 40,000. Her aggregate remuneration is capped at 3.5% of the net profits. Both re-appointments are special resolutions and will be subject to e-voting from December 7, 2025, to January 5, 2026.

For FY 2024-25, the company reported standalone income from operations and other income of INR 147,507 lakhs, with a profit after tax of (INR 239 lakhs). Consolidated figures show an income of INR 259,012 lakhs and a profit after tax of INR 14,709 lakhs for the same period.