Please find enclosed intimation regarding change in Senior Management.
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Magna Electro Castings has appointed Sri. K. Thangamuthu as Vice President – Finance and Senior Management Personnel, effective 7th April 2025. The appointment was approved by the Board on the recommendation of the Nomination and Remuneration Committee. Thangamuthu is a Chartered Accountant with 27 years of experience in financial reporting, budgeting, treasury management, taxation, and statutory compliance. He previously served as VP – Finance at ELGI Rubber Company and has also worked with OBO Bettermann India, Briggs & Stratton India, and SEForge Limited.
This is a routine senior management appointment that strengthens the finance leadership of the company. No immediate material impact on shareholders is expected, though the hiring of an experienced finance professional could support better financial controls and reporting.