Peyman Kargar approved as TVS Motor director and CEO for five years
TVSMOTOR · price
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Shareholders approved two appointments by postal ballot: Peyman Kargar as a director, with 99.71% of valid votes in favour, and as a whole-time director and chief executive officer for a five-year term effective 27 January 2027, with 97.02% in favour. About 409.5 million valid votes, equal to 86.2% of outstanding shares, were counted.
Shareholder approval confirms a five-year CEO appointment from 27 January 2027. Stock impact depends on Kargar's strategy and execution.