To consider and approve the appointment of Independent Director and a Non-Executive Non-Independent Director (re-designated) and other items.
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Sakthi Finance's Board met on September 1, 2025 and approved two key changes. First, Sri S Shivram (DIN: 07946245), an IIM Lucknow postgraduate with over three decades of HR consulting experience, was appointed as an Independent Director for a 5-year term until August 31, 2030, subject to shareholder approval at the AGM. Second, Sri S Chandrasekhar (DIN: 00011901) was re-designated as a Non-Executive Non-Independent Director, also pending shareholder approval. Both appointees are not debarred by SEBI and are unrelated to existing directors. Additionally, the Board fixed September 20, 2025 as the Record Date for dividend payment and e-voting cut-off, indicating a dividend will be proposed at the upcoming AGM.
These are routine board composition changes requiring shareholder approval, with no negative governance signals. The Record Date announcement confirms an upcoming dividend, which is positive for shareholders seeking income. The appointment of an experienced independent director strengthens board oversight.