Re-appointment of Manager (Key Managerial Personnel) of the Company.
Awaiting price reaction for this filing.
Peoples Investments Ltd has re-appointed Mr. Venkatesh Ramaswami as Manager (Key Managerial Personnel) of the company for a fresh term of 3 years, effective August 9, 2025 to August 8, 2028. The re-appointment was approved by the Board on July 15, 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the upcoming General Meeting. Mr. Ramaswami is a Commerce graduate with over 28 years of experience in finance, taxation, and statutory compliance. He is not related to any existing director, KMP, or promoter of the company.
This is a routine re-appointment of an existing managerial personnel, indicating management continuity. No material impact on shareholders or the stock is expected, as the role is being renewed rather than newly created or filled after a departure.