20th July 2026 Fixed for 90th AGM at the Company Registered office. Appointment of Two Executive Director and Two Independent Director
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El Forge Limited announced multiple board changes following its 4 June 2026 board meeting. Mr. K.R. Srihari resigned as Chief Executive Officer effective 17 June 2026 and was simultaneously elevated to Executive Director (Operations) for a 5-year term. He is the son of Vice Chairman & Managing Director K.V. Ramachandran. Mrs. Ananya Srikanth, daughter of Chairman V. Srikanth, was appointed Executive Director (Engineering & Marketing) for 5 years. Two new Independent Directors — S. Vasudevan and Niranjan Sivan — were appointed for 5-year terms each. Secretarial Auditor Satyadevi Alamuri stepped down on completion of her FY 2025-26 term, replaced by B. Venkatalakshmi for a 5-year stint (FY 2026-27 to FY 2030-31). The 90th AGM is scheduled for 20 July 2026 at the registered office in Chengalpattu, Tamil Nadu.
The induction of two promoter-family members into executive board roles signals generational succession at the leadership level, which may improve long-term continuity but could raise governance concerns regarding board independence. The addition of two seasoned Independent Directors (over 40 years in real estate/SEZ and 20 years in finance/M&A) strengthens oversight. The CEO transition is internal, so operational disruption risk appears low for shareholders.