Sundram Fasteners Limited has informed the Exchange regarding Notice of Postal Ballot
SUNDRMFAST · price
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Sundram Fasteners has issued a notice for its 16th Postal Ballot seeking shareholder approval for the re-appointment of Ms Arathi Krishna (DIN: 00517456) as Managing Director for a fresh 5-year term from May 3, 2026 to May 2, 2031. Her current term ends on May 2, 2026, and this would be a continuation, as she has been on the board since August 23, 2006, and last re-appointed via the 10th Postal Ballot in March 2021. The proposed salary range is Rs 6.5 lakh to Rs 11.5 lakh per month, plus commission, perquisites, and other benefits; her last drawn remuneration in FY25 was Rs 843.79 lakhs. Ms Arathi Krishna holds 47,040 equity shares and 9.35% beneficial interest, and is related to Chairman Suresh Krishna and two other directors. E-voting runs from February 16, 2026 to March 17, 2026, with results to be announced by March 19, 2026.
This is a routine re-appointment of the existing Managing Director from the promoter family, ensuring leadership continuity for the next five years. The outcome of the postal ballot is unlikely to be in doubt given the promoter group's significant shareholding, and the stock is unlikely to react materially barring any unexpected dissent.