Krbl shares: Investors will keep an eye on shares of rice exporter KRBL outside the country. The reason for this is that Anil Kumar Chaudhary, an independent director of the company’s board, has resigned and has given his resignation citing the corporate governance issue. He has written to the board that its current system is not according to the principles of effective governance and independent, which is very important for the interests of stakeholders. Its impact can be seen on the company’s shares today. Currently, its shares are at a price of ₹ 444.10. On September 12, the last trading day of last week, it closed down 0.68% on BSE.
Please tell that the company revealed about Anil Kumar Chaudhary’s resignation on 9 September last week. However, the disclosure of the letter written by Anil to the board was revealed on Sunday itself. Anil Kumar Chaudhary says that the disagreements in the company are being suppressed, or are not being heard, in such an environment, staying on the board will be compromised with obligations under his professional ethics and Indian corporate governance codes. Because of this, he says that he has decided to resign.
Are the issues raised?
Anil Kumar Chaudhary in a letter to the board has mentioned irregularities in the recordings of minutes of boards and committee bats. Apart from this, it has also been said to hide information in it, which affected the ability to take decisions. Anil Kumar Chaudhary says that some export receivables were improperly right-off without adequate deliberations, ie in the account.
The letter also mentions concerns related to the use of CSR funds. Along with this, questions have also been raised on giving arbitrary variable pay and annual increments to some persons. Anil Kumar Chaudhary alleges that important changes were made in the object clause without widespread discussion. At the same time, he has made serious allegations that those called in the proceedings of board and committee meetings intervened improperly.
How was KRBL shares move in a year?
KRBL shares were at ₹ 225.70 on 7 April 2025, which is one year low for its shares. It jumped 119.32% in four months from this lower level to ₹ 495.00 on 22 August 2025 last month, which is a one -year record high level for its shares. Thus, in just four months, it increased the money of investors more than doubled.
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