Update on Change in Directors - Disclosure under Regulation 30 read with Schedule III to the SEBI (LODR) Regulations 2015
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Awaiting price reaction for this filing.
Sakthi Finance has informed the stock exchange that shareholders have approved, through a Postal Ballot, the appointment of K V Ramachandran (DIN: 00322331) as a Non-Executive, Independent Director of the company. The appointment was originally cleared by the Board on July 4, 2025, and members have now confirmed it via a Special Resolution with the required majority. He will serve a 5-year term from July 4, 2025 to July 3, 2030 and is not liable to retire by rotation. Ramachandran holds a Bachelor's degree in Science and a PGDBM from Xavier School of Management, with over three decades of experience in industrial and business management. He is currently Vice Chairman and MD of E L Forge Limited and sits on the boards of two other listed public companies.
This is a routine governance update confirming shareholder approval for a director already appointed by the Board; it strengthens board independence but is unlikely to move the stock on its own.