Seshasayee Paper and Boards Limited has informed the Exchange regarding Appointment of Mr ASHISH KUMAR SRIVASTAVA IFS as Non- Executive Director of the company w.e.f. July 25, 2025.
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Seshasayee Paper and Boards has appointed two new Nominee Directors to its board, approved by shareholders through a postal ballot on July 25, 2025. Sri Kumar Jayant, IAS (age 57), currently serving as Chairman and Managing Director of Tamilnadu Industrial Investment Corporation Limited (a government undertaking), joins as a non-retiring nominee director. Sri Ashish Kumar Srivastava, IFS, who serves as Special Secretary in the Environment, Climate Change and Forests Department of the Government of Tamilnadu, joins as a nominee director liable to retire by rotation. Both appointments were passed as ordinary resolutions with overwhelming majority. Neither director has been debarred from holding office by SEBI or any other authority.
This is a routine governance update adding two government-affiliated nominee directors to the board. It is not expected to materially affect the stock price, though it strengthens the company's relationship with the Government of Tamilnadu, which may be relevant given the state-linked ownership stake.