Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr Sri Kumar Jayant, IAS as Non- Executive Director of the company w.e.f. Jun 13, 2025.
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Seshasayee Paper and Boards has appointed two new Non-Executive Directors on its board effective June 13, 2025. Sri Kumar Jayant, IAS (DIN: 01820616), Chairman and Managing Director of Tamilnadu Industrial Investment Corporation Limited (TIIC), has been appointed as a Nominee Director in place of Dr M Sai Kumar, IAS, on TIIC's nomination. Sri Ashish Kumar Srivastava, IFS (DIN: 10403411), Special Secretary (Forests) in the Government of Tamilnadu, has been appointed as a Nominee Director in place of Sri T Ritto Cyriac, IFS, on the state government's nomination. The company will seek shareholder approval for both appointments through a postal ballot process. Both directors have confirmed they are not debarred from holding director positions by SEBI or any other authority.
This is a routine board reconstitution involving government-nominee directors replacing outgoing nominees. There is no change in management control, and the appointments are not expected to have any material impact on the company's operations or stock price. Shareholders will get to vote on these appointments via postal ballot.