Government approval sought for Managing Director continuation beyond age 70
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Dindigul Farm Product Limited will seek Central Government approval for Raju Rajasekaran to continue as Managing Director until 28 December 2028 despite being over 70. At the 30 September 2026 AGM, more votes were cast for the proposal than against, but the special resolution failed the stricter statutory majority needed. The proposal also covers revision of his remuneration.
Leadership continuity and pay now depend on government approval. The failed vote threshold may raise governance concerns and create shareholder uncertainty.