Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr KUMAR JAYANT IAS as Nominee Director of the company w.e.f. July 25, 2025.
SESHAPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Seshasayee Paper and Boards has appointed two new Nominee Directors on its board, following shareholder approval through a postal ballot on July 25, 2025. The first appointee is Mr. Kumar Jayant, IAS, who currently serves as Chairman and Managing Director of Tamilnadu Industrial Investment Corporation Limited (a government undertaking). The second appointee is Mr. Ashish Kumar Srivastava, IFS, Special Secretary in the Environment, Climate Change and Forests Department, Government of Tamilnadu. Mr. Jayant will not be liable to retire by rotation, while Mr. Srivastava will be. Both are government nominees, indicating Tamilnadu state government representation on the board.
These are government nominee director appointments likely linked to the Tamilnadu government's stake in the company via TIIC. Routine in nature, with no immediate material impact on shareholders or stock price.