Board Decisions

The Board of Directors at its meeting held on July 28, 2026 approved the following:

1. Reappointment of Mr. K.V. Aiyappan (DIN: 00117641)

  • Retiring director by rotation who offered himself for reappointment
  • Reappointed as Non-executive Director cum Chairman
  • Field of Experience: Experienced banker with vast experience in international trade and industry
  • Profile: Accomplished banking professional with extensive experience in international trade and industrial sectors, known for delivering strategic financial solutions and fostering cross-border business growth
  • Relationship disclosure: Related to Mrs. Chitra Sivaramakrishnan (Whole-Time Director) and Mrs. Muthulakshmi Ganesh (Non-Executive Director)
  • Not debarred from holding office by virtue of any SEBI Order or other authority

2. Reappointment of Mr. A.K. Sabesan (DIN: 02238098)

  • Reappointed as Independent Director for a second term
  • Effective from September 30, 2026 for a continuous period of 5 years
  • Not liable to retire by rotation
  • Subject to shareholder approval
  • Profile: Worked as Senior Manager in leading banking sector company in India and Hong Kong with more than 20 years of experience in banking industry. Associated with various institutions for empowering the challenged and differently abled.
  • No relationship shared between directors inter-se or with any Key Managerial Personnel
  • Not debarred from holding director office by any SEBI Order

3. Reappointment of Mrs. Revathi Sureshkumar (DIN: 08507052)

  • Reappointed as Independent Director for a second term
  • Effective from September 30, 2026 for a continuous period of 5 years
  • Not liable to retire by rotation
  • Subject to shareholder approval
  • Profile: Commerce graduate with rich and varied experience in Finance & Accounts. Holding directorship in Private Limited Company. Worked in company's various departments including purchase, finance and accounts.
  • No relationship shared between directors inter-se or with any Key Managerial Personnel
  • Not debarred from holding director office by any SEBI Order

4. Retirement of Mr. M.G. Bhaskar (DIN: 07527509)

  • Independent Director whose second term expired
  • Ceased to be Director effective close of business hours on June 15, 2026

Financial Impact

No financial impact quantified in the disclosure.

Governance Impact

Changes to board composition with three reappointments and one retirement, affecting the company's governance structure.