KAY Power and Paper Limited announced the appointment of Mrs. Deepa Agarwal as its new Managing Director. The decision was approved by the Board of Directors on August 12, 2026, and is effective from the same date, subject to shareholder approval. Mrs. Agarwal, wife of Mr. Niraj Chandra, brings extensive experience from the business sector and holds directorships in multiple companies.
Board Approves New Managing Director
KAY Power and Paper Limited has officially announced a key leadership change within its executive team. The company’s Board of Directors, during a meeting held on Wednesday, August 12, 2026, passed a resolution approving the appointment of Mrs. Deepa Agarwal as the new Managing Director of the company. This strategic appointment is effective immediately, on August 12, 2026, pending the formal approval from the company’s shareholders at the upcoming Annual General Meeting.
Profile of the Appointee
Mrs. Deepa Agarwal, identified by DIN 00452947, comes with a strong background. She is the wife of Mr. Niraj Chandra and holds a Bachelor of Arts (Honours) degree. Belonging to a reputable business family, she is actively engaged in the operations of several Private Limited Companies and currently serves as a director on the boards of fifteen other companies. Furthermore, she is a significant shareholder, holding 2,286,800 shares in KAY Power and Paper Limited. It is noted that while Mrs. Deepa Agarwal is related to Ms. Aarushi Chandra, another Director of the Company (being her mother), no other director on the board shares a familial relationship.
Regulatory Compliance
The company has confirmed that Mrs. Deepa Agarwal is not debarred from holding a directorship by any SEBI order or any other relevant authority. The appointment and related disclosures comply with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the specific circulars issued by SEBI concerning such appointments.
Source: BSE
