Pursuant to the Postal Ballot passed on April 29, 2025. The shareholders approved the re-appointment of Shri. S Muthu Selvam as an Independent Director for a further period of 5 years.
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S V Global Mill Ltd has informed the stock exchange that shareholders have approved, through a postal ballot concluded on April 29, 2025, the re-appointment of Shri. S. Muthu Selvam as an Independent Director. He will serve a fresh term of 5 years, from May 13, 2025 to May 12, 2030, along with applicable sitting fees. Shri. Muthu Selvam holds a B.Com and MBA degree and has over 20 years of entrepreneurial experience across sugar, textile, and real estate sectors. Additionally, shareholders approved an amendment to the Memorandum of Association to add a new clause of business. The filing was made under SEBI Listing Regulations, signed by the Company Secretary D. Krishnamoorthy.
This is a routine corporate governance update with no material impact on shareholders or stock price. The re-appointment ensures continuity on the board, and the MoA amendment gives the company flexibility to expand into new business areas in the future.