Appointment of Sri K V Ramachandran (DIN:00322331) as Non-Executive Independent Director of the Company
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Sakthi Finance Ltd has informed the stock exchanges that shareholders have approved the appointment of Sri K V Ramachandran (DIN: 00322331) as a Non-Executive Independent Director through a Postal Ballot, passed as a Special Resolution. His term is for five consecutive years, from July 4, 2025 to July 3, 2030, and he is not liable to retire by rotation. The Board had already cleared his appointment on July 4, 2025, and the Postal Ballot was the final step to formalise it. Mr. Ramachandran is a science graduate with a PGDBM from XLRI Jamshedpur and brings over three decades of experience in industrial and business management, finance, and accounting. He currently serves as Vice Chairman and Managing Director of E L Forge Limited and is a director in two other listed companies. He is not related to any existing director on the board and is not debarred by SEBI from holding directorship.
This is a routine governance update and is unlikely to have a material impact on the stock price. The addition of an experienced independent director strengthens the board, which is generally viewed positively by investors focused on corporate governance.