We wish to inform you that the Board of Directors of the Company at its meeting held on Monday, 2nd March 2026, , inter alia, has approved the 1. Appointment of Mr. Sargunam Ranganathan ....
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The Board of Directors of Veejay Lakshmi Engineering Works Ltd, at its meeting on 2nd March 2026, approved three key appointments. Mr. Sargunam Ranganathan (age 72) was appointed as Whole-time Director for 5 years, pending shareholder approval via special resolution. Mr. Sanjay Dharamsi Shah and Ms. Indira Veeraraghavan were appointed as Non-Executive Independent Directors, each for an initial 5-year term, also subject to shareholder approval. The company will conduct a Postal Ballot to seek member approval, with Mr. M.D. Selvaraj of MDS & Associates appointed as Scrutinizer. All three appointees are qualified professionals — Mr. Ranganathan has expertise in HR and Administration, while Mr. Shah and Ms. Veeraraghavan are Chartered Accountants with finance and taxation expertise. None of the appointees are debarred by SEBI or related to existing directors or KMPs.
These are routine board strengthening appointments with no red flags. Shareholders will get to vote on the appointments via Postal Ballot; the moves add HR expertise at the executive level and financial expertise on the independent side, which is generally a positive governance signal.