Kusam Electrical Industries Ltd.: Strategic Board Changes and Financial Updates

In a series of strategic moves, Kusam Electrical Industries Ltd., a prominent distributor of electrical equipment in India, has announced several key appointments and financial updates. These developments, reported on August 13, 2025, reflect the company’s commitment to strengthening its leadership and maintaining transparency with its stakeholders.

Board Appointments and Re-appointments

The company has made significant changes to its board, starting with the appointment of Mrs. Milli Navin Goliya as an Additional Director (Non-Executive Director) for a period of five years. This appointment is subject to approval at the upcoming general meeting. Mrs. Goliya’s addition to the board is expected to bring fresh perspectives and expertise, enhancing the company’s strategic direction.

Simultaneously, Mr. Navin Chandmal Goliya has been re-appointed as the Whole Time Director for another five-year term, pending member approval. His continued leadership is anticipated to provide stability and continuity, ensuring the company’s ongoing success in the competitive electrical equipment market.

Audit and Financial Oversight

In a move to bolster its financial oversight, Kusam Electrical Industries Ltd. has appointed M/S CHHAJED & DOSHI Chartered Accountants as its Statutory Auditors for a five-year term, covering the financial years 2025-26 to 2029-30. This appointment underscores the company’s dedication to maintaining rigorous financial standards and transparency.

Financial Performance

The company has also released its un-audited financial results for the quarter ending June 30, 2025. These results were discussed and approved during a board meeting held on August 13, 2025. While specific figures were not disclosed in the announcement, the release of these results demonstrates Kusam Electrical Industries Ltd.’s commitment to keeping its shareholders informed about its financial health and performance.

Conclusion

Kusam Electrical Industries Ltd. continues to make strategic decisions aimed at strengthening its leadership and ensuring robust financial oversight. With these recent appointments and financial updates, the company is well-positioned to navigate the challenges and opportunities in the electrical equipment distribution sector. Stakeholders can look forward to further developments as these changes take effect and the company progresses towards its strategic goals.