KCP Limited — Others, 10-12-2024: Shareholders meeting

KCP Limited has announced a board meeting on December 6, 2024, to seek member approval for several key resolutions via a postal ballot. Notably, they plan to appoint Sri. Ravi Chitturi as Technical Director starting February 1, 2025, with a monthly salary of ₹9.00 lakh and additional perks. Also proposed is a revised remuneration for Chairperson Dr. V.L. Indira Dutt, adjusting her commission from 6% to 5.5% of net profits, and for Joint Managing Director Smt. V. Kavitha Dutt from 4% to 3.5%. This restructuring signifies strategic leadership continuity and could foster investor confidence, though the changes in commission structure may raise concerns about executive incentives amid fluctuating profits.