Mr. M Murali Krishna, the Managing Director of the company is re-appointed for a further term of 5 years w.e.f. 01/06/2025 subject to shareholder''s approval in the ensuing 35th AGM.
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The Board of Swarna Securities has approved the re-appointment of Mr. M Murali Krishna as Managing Director for another 5-year term, from 1 June 2025 to 31 May 2030, subject to shareholder approval at the upcoming 35th AGM on 31 May 2025. Mr. Murali Krishna is a postgraduate in Commerce with over 35 years of experience across finance, banking, real estate, and other sectors. His spouse is also a Director and Promoter of the company, indicating continued family involvement in the leadership. Notably, the Board has decided, on the MD's own request, not to pay him any remuneration for the new term.
This is a continuity announcement — the existing MD stays in his role, which provides leadership stability for shareholders. The decision to forgo remuneration is shareholder-friendly and may be viewed positively, though the company remains a small, promoter-driven entity with no major strategic shift signaled.