We hereby inform that tenure of appointment of Mr.P Palaniappan has been revised by passing special resolution.
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Sri Nachammai Cotton Mills has informed the stock exchange that the term of Mr. P Palaniappan (DIN: 01577805) as Managing Director has been revised. Shareholders approved his continuation via a special resolution passed at the Annual General Meeting held on 26 September 2025. Mr. Palaniappan, who turned 70 in December 2014, will continue as Managing Director for a new term of three years, from 19 December 2025 to 18 December 2028. This is a continuation of an existing role rather than a new appointment, and was disclosed under SEBI Listing Regulations.
No material change for shareholders — this is the re-appointment of the existing Managing Director for a fresh three-year term, indicating continuity in leadership. Stock price is unlikely to be materially impacted.