The Members of the Company have, at the 68 Annual General Meeting of the Company held today i.e Saturday, September 27, 2025, approved the appointment / re-appointment of following Directors: 1. ....
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At the 68th Annual General Meeting held on September 27, 2025, shareholders of Sakthi Finance Ltd approved several board changes. Two new Independent Directors were appointed: Smt Susheela Balakrishnan for a 5-year term (Aug 14, 2025 to Aug 13, 2030) and Sri S Shivram for a 5-year term (Sep 1, 2025 to Aug 31, 2030). Sri S Chandrasekhar was appointed as a Non-Executive, Non-Independent Director liable to retire by rotation. Sri M Balasubramaniam was re-appointed as Managing Director for another 5-year term (Sep 29, 2025 to Sep 28, 2030), with the note that he can continue even after turning 70. He is brother of Chairman Dr M Manickam and Director Sri M Srinivaasan, confirming the promoter family's continued grip on the board.
Continuity in leadership with the re-appointment of the existing MD signals stability, though the re-appointment of a promoter-family member (Balasubramaniam) despite age-related provisions may raise governance concerns. Adding two experienced independent directors (a chartered accountant and an HR/strategy veteran) should strengthen board oversight, which is generally viewed positively by retail investors.