Appointment of Mr.Pradeep Kumar Nath ((ICSI) Membership No.A40148)as a company Secretary & Compliance Officer Of the Company
SUNDRMBRAK · price
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Sundaram Brake Linings Ltd held its Board meeting on May 25, 2026, approving audited standalone financial results for FY ended March 2026. Total revenue declined to Rs. 34,903 lakhs from Rs. 35,503 lakhs in the previous year. Profit before tax fell significantly to Rs. 336 lakhs from Rs. 614 lakhs (a 45% decline). The Board recommended a dividend of Rs. 0.65 per share (6.5%) for FY 2025-26, subject to shareholder approval. Key appointments include Ms. Shrikirti Mahesh as Additional Director (Non-Executive, Non-Independent) and Mr. Pradeep Kumar Nath as Company Secretary & Compliance Officer. The Nomination and Remuneration Committee was also reconstituted with Ms. Shrikirti Mahesh being added as a member.
The appointment of Pradeep Kumar Nath as Company Secretary strengthens the company's compliance function. However, the appointment of Ms. Shrikirti Mahesh as a director (sister of the Managing Director and connected to another Director) raises potential governance concerns regarding board independence.