Sundram Fasteners Limited has informed the Exchange regarding Notice of Postal Ballot
SUNDRMFAST · price
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Sundram Fasteners has issued a Postal Ballot notice seeking shareholder approval for the re-appointment of Sri Suresh Krishna (DIN: 00046919) as a Non-Executive Non-Independent Director for another 5-year term from July 1, 2026 to June 30, 2031. Suresh Krishna, aged 89, has been with the company since its inception in 1964 and has served as Chairman since 1979; he holds 36,040 equity shares and a 10.96% beneficial interest in the company. His last drawn remuneration for FY25 was ₹30.02 lakhs, and the re-appointment will be passed as a Special Resolution under SEBI's Regulation 17(1A) requiring a 75% majority. E-voting runs from March 26, 2026 to April 24, 2026, with results expected by April 28, 2026.
This is a continuity item rather than a material change. Shareholders will be asked to endorse the re-appointment of the long-standing Chairman, and given the promoter family's controlling stake, approval is largely a formality with minimal stock price impact expected.