Reappointment of Wholetime Director, President (Senior Management) and Cost Auditors of the Company
RAJSREESUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved reappointment of Mr. R. Varadarajan as Wholetime Director for 5 years (June 2026 to June 2031), including continuation after age 70, subject to shareholder approval. He has served in this role for about 23 years since the company's inception. Mr. G. Sathiyamoorthi was also reappointed as President (Head Operations) for 3 years from June 2026. Additionally, M/s. S. Mahadevan & Co. was reappointed as Cost Auditors for FY 2026-27.
Continuity in leadership is maintained with experienced personnel. The age 70 continuation clause for the Wholetime Director may attract shareholder scrutiny during approval. No immediate impact on stock price expected.