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Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the ‘CGR 3’ rating assigned to the Corporate Governance practices adopted by KEI Industries. In CARE’s opinion, the company has adopted Corporate Governance practices which would provide its stakeholders adequate level of comfort on the degree of corporate governance.
The rating continues to reflect KEI’s clearly identifiable ownership pattern, well-defined organizational structure with initiatives for putting in place succession planning for the key top functions, adequate Management Information Systems (MIS) within the company and general compliance with statutory and regulatory requirements. The rating also takes into account the scope for improving the level of strategic oversight by the Independent directors in formulation of business goals and policies.
KEI industries (KEIIL) incorporated in 1968 is engaged in manufacturing of high and low tension cables (EHT, HT and LT), control and instrumentation cables, house wires and stainless steel wires.