Based on the recommendation of the Nomination and Recomuneration Committee and Audit Committee Board of Diretors has approved the re-appointment of Sri. Sharath Jagannathan (DIN: 07298941) ....
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The Board approved the re-appointment of Sri. Sharath Jagannathan (DIN: 07298941) as Chairman and Managing Director based on Nomination and Remuneration Committee and Audit Committee recommendations. The audited annual financial results for FY 2025-26 show profit before tax of Rs. 1,015.55 lakhs, a significant jump from Rs. 154.35 lakhs in the previous year. Total assets stood at Rs. 19,336.67 lakhs with revenue of Rs. 9,750.58 lakhs. The statutory auditor Marimuthu & Associates issued an unmodified opinion on the financial statements. The CFO confirmed compliance with regulation 33(3)(d).
The re-appointment of the CMD provides continuity in leadership. The company showed strong profitability improvement year-on-year with over 5x increase in profit before tax. No immediate governance concerns flagged.