PFA the disclosure of Appointment of Additional Non-Executive Independent Director. Take the same on your records
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Smiths & Founders (India) Ltd has appointed Mr. Arkalgud Suryanarayana Sundar (DIN: 10978998) as an Additional Non-Executive Independent Director for a 5-year term, from July 31, 2025 to July 30, 2030. The appointment was approved by the Board on July 31, 2025, based on the recommendation of the Nomination and Remuneration Committee, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Sundar, aged 68, is a former banker with over 35 years of experience, having retired as Chief Vigilance Manager from Kaveri Grameena Bank. He holds a BSc and CAIIB qualification and will also serve as a member of the Audit Committee. He is not related to any existing Director on the board and is not debarred from holding a directorship by any authority.
This is a routine governance update adding an experienced banking professional to the board and audit committee. It is unlikely to have any immediate material impact on the stock price, but strengthens the board's independent oversight capabilities.