Outcome of Board Meeting held on July 15, 2025
Awaiting price reaction for this filing.
The board of Peoples Investments Limited approved the re-appointment of Mr. Venkatesh Ramaswami as Manager (a Key Managerial Personnel) for a fresh 3-year term from August 9, 2025 to August 8, 2028, subject to shareholder approval at the next general meeting. This is a continuation of his existing role, as his current term is expiring. Mr. Ramaswami is a commerce graduate with over 28 years of experience in finance, taxation, and statutory compliance, and is not related to any other director or KMP. The board meeting ran from 6:00 p.m. to 7:15 p.m. on July 15, 2025.
This is a routine re-appointment of an existing manager with no change in leadership direction. No material impact on shareholders or stock price is expected.