SESHAPAPERNSESeshasayee Paper and Boards Limited· Paper And Paper ProductsMediumNeutral
Announced Fri, 13 Jun · 19:54 IST

Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr Sri Ashish Kumar Srivastava, IFS as Non- Executive Director of the company w.e.f. Jun 13, 2025.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Seshasayee Paper and Boards has appointed two new Additional Directors (Nominee, Non-Executive) on its board, effective June 13, 2025. Sri Kumar Jayant, IAS, Chairman and MD of Tamilnadu Industrial Investment Corporation (TIIC), replaces Dr M Sai Kumar, IAS, as TIIC's nominee. Sri Ashish Kumar Srivastava, IFS, Special Secretary (Forests) in the Government of Tamilnadu, replaces Sri T Ritto Cyriac, IFS, as the state government's nominee. Shareholder approval for both appointments will be sought through a Postal Ballot process. Both appointees are confirmed as not debarred from holding director positions by SEBI or any other authority.

Likely market impact

This is a routine board refresh involving only government-nominee directors, with no change in executive management, operations, or ownership. Shareholders should see no material impact on the stock price; the Postal Ballot outcome is a procedural formality.