MM Forgings Limited has informed the Exchange regarding Change in Director(s) of the company.
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MM Forgings Limited has appointed Smt. Rama Sivaraman (DIN: 07425519) as a Non-Executive Independent Director (woman Independent Director) on its board, effective 31 March 2025, for a term of five years. The appointment was approved by shareholders through a postal ballot, with voting held from 9 April 2025 to 8 May 2025 and results declared on 9 May 2025. Smt. Rama Sivaraman, aged 58, brings around 35 years of experience in strategic planning, global operations, IT, and financial services, and has previously served as COO of Polaris Software (now VirtusaPolaris). She is not debarred from holding directorship by any authority, and no other director or KMP has a related interest in her appointment.
This is a routine independent director appointment that strengthens board diversity with a woman independent director. No immediate material impact on shareholders or stock price is expected, though it adds experienced oversight to the board.