K G Denim Limited, a prominent player in the textile and denim industry based in Coimbatore, Tamil Nadu, has recently announced the appointment of CA Ramaprabha S as the Chief Financial Officer (CFO). This change in leadership comes after the company’s previous CFO, CA Manickam S, concluded his tenure. The appointment of CA Ramaprabha is in accordance with the guidelines laid out by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) regulations. The announcement was made in line with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, which was issued in July 2023, ensuring full compliance with the financial disclosure standards required for corporate announcements.

About CA Ramaprabha S

CA Ramaprabha S, who holds a Chartered Accountant (CA) membership with the Institute of Chartered Accountants of India, brings a wealth of expertise to the role. She is also a qualified Company Secretary at the intermediate level from the Institute of Company Secretaries of India (ICSI). With a solid academic background, CA Ramaprabha has a Commerce degree and a deep understanding of financial systems and regulations.

Prior to this appointment, CA Ramaprabha served in several key positions, including Credit Manager at ICICI Bank, where she honed her skills in financial management and banking operations. She also worked as the Senior Audit Manager at P N Ragavendra Rao & Co., a reputed audit firm based in Coimbatore, with a strong presence across India. Additionally, she contributed her expertise as the Finance Manager at Pramura Software Pvt. Ltd., further enhancing her proficiency in corporate finance and management.

This appointment was made based on recommendations from the Nomination and Remuneration Committee, the Audit Committee, and the Board of Directors of K G Denim Limited, reflecting the company's commitment to selecting the most qualified professionals for key positions.

Regulatory Compliance and SEBI Guidelines

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, K G Denim Limited has provided detailed disclosures about the appointment. These disclosures are crucial for maintaining transparency in corporate governance and ensuring that investors and stakeholders are informed of significant changes in the company’s leadership.

Under the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, all listed companies are required to disclose comprehensive information when appointing or removing key managerial personnel such as the Chief Financial Officer. These disclosures include the reason for the change, the date of appointment, the term of appointment, a brief profile of the appointee, and any relationships between directors.

Conclusion and Further Engagement

With CA Ramaprabha S now at the helm of K G Denim’s financial management, the company is expected to continue its robust growth trajectory while adhering to the highest standards of corporate governance. The appointment marks a significant step in K G Denim's commitment to enhancing its financial operations and strategic direction.

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