Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
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The Board of Directors at its meeting held on 28/07/2025 approved the re-appointment of Mrs. Chitra Sivaramakrishnan as Whole-time Director (Executive Director) for a period of three years w.e.f. 1st August 2025. It also approved the continuation of Mr. K.V. Aiyappan (aged 75) as Non-executive Director cum Chairman, subject to shareholder approval. Additionally, Mrs. Muthulakshmi Ganesh, a retiring Director, was re-appointed as Non-executive Director. The Board also appointed Ms. Sindhuja Porselvam of M/s. Porselvam and Associates as the Secretarial Auditor for five consecutive financial years starting from FY 2025-26. Notably, all three directors — Mrs. Chitra Sivaramakrishnan, Mr. K.V. Aiyappan, and Mrs. Muthulakshmi Ganesh — are related to each other, indicating a family-controlled board.
These are largely routine re-appointments and a regulatory compliance-driven auditor appointment, suggesting business continuity rather than any strategic change. Retail investors may note the family-dominated board composition, which could raise governance concerns regarding independent oversight.