Overview
- KRBL said it will appoint an independent firm to examine the issues flagged by outgoing independent director Anil Kumar Chaudhary, with findings to go to board committees.
- Shares fell as much as 12.83% intraday and were last down about 9–11%, with trading volume roughly 7.5 times the 30-day average, according to NSE data reported by NDTV Profit.
- In a resignation letter disclosed to exchanges, Chaudhary cited inconsistencies in meeting minutes, withheld information, write-offs of export receivables, CSR fund concerns, pay allocation practices, object-clause changes, and interference in meetings.
- Chaudhary said remaining on the board would compromise his professional ethics under Indian governance codes due to what he described as suppressed dissent.
- The rice processor and exporter was described as a smallcap with a market capitalization of about Rs 9,059 crore, and Bloomberg data cited by NDTV showed three analysts with buy ratings and a Rs 527 consensus 12-month target.