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Sanco Trans Ltd has appointed Mr. T R Chandrasekaran (DIN: 00399104) as an Additional Non-Executive Independent Director on its board. The appointment was approved via a resolution passed by circulation on May 6, 2025, effective May 5, 2025, for a two-year term ending May 4, 2027, and is subject to shareholder approval. Mr. Chandrasekaran is a qualified Chartered Accountant with about 30 years of experience at Indian Bank, and has previously served as Vice President of Indian Bank Mutual Fund and as a Director on other listed company boards. He is not related to any existing directors or key managerial personnel of the company. The disclosure has been made to BSE under SEBI Listing Regulations.
This is a routine board-level appointment with no immediate material impact on shareholders or stock price; it strengthens the independent oversight on the board, pending shareholder approval through postal ballot.