Outcome of the board meeting held on 04th September, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved several routine corporate governance items. M/s. B Thiagarajan & Co was re-appointed as Statutory Auditor for 5 years (FY 2025-26 to FY 2029-30), and Mr. S S Vignesh was appointed as Secretarial Auditor for 5 years. Managing Director Mr. Rajamani Ragavachari Sundara Raghavan was re-appointed for 3 years effective 26 November 2025. Independent Director Mr. Rajendren Purushothaman was re-appointed for 3 years, Mr. Kailas Asokkumar Ashon was appointed as a new Independent Director for 3 years, and Mr. TS Srinivasan's continuation as Independent Director (turning 75 in October 2026) was approved under SEBI's age-related regulation. Independent Director Mr. Brough Nagar David Yesaian resigned citing pre-occupation and personal commitments, confirming no other material reasons.
These are largely routine re-appointments and a single non-controversial Independent Director resignation with no governance red flags. The 33rd AGM is set for 27 September 2025 via video conferencing where shareholders will vote on these appointments. Minimal impact expected on the stock.