The Company has received Notice under Section 115 of Companies Act, 2013 proposing the Appointment of Mrs. Jayanthi Radhakrishnan (DIN:09025308) As Managing Director of the Company for ....
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Three shareholders together holding about 26.09% of the company's paid-up capital have submitted a Special Notice under Section 115 of the Companies Act, 2013, proposing the appointment of Mrs. Jayanthi Radhakrishnan (DIN: 09025308) as the new Managing Director. The lead proposer herself holds 25.59% (19,11,660 shares), while the other two are small shareholders holding just 0.0013% and 0.50% respectively. The current Chairman and Managing Director is Mrs. R. Gomathi (DIN: 02900460), suggesting a potential leadership change at the top. The Board will consider this item at its meeting on September 3, 2025, and if approved, the appointment resolution will be placed before the AGM due by September 30, 2025. All three proposers share the same K.K. Nagar, Chennai address and have family connections, indicating this is a family-driven board move.
Signals a possible top-level leadership change driven by a major shareholder group. The fact that the proposers are connected by family ties and addresses suggests a promoter-level reshuffle, which investors should watch closely as it could affect governance and future direction of the company.