Board Meeting Details

The Board meeting was held on Wednesday, 3rd June 2026 at the Registered Office of the Company situated at Building No. GB-200B, Green Base Industrial & Logistics Park, Thriveni Nagar, Vadakapattu Village, Vadakkupattu, Kanchipuram, Chengalpattu, Tamil Nadu, India – 603 204. The meeting commenced at 4:00 P.M. and concluded at 6:00 P.M.

Key Decisions Approved

1. Appointment of New CFO: The Board approved the appointment of Mr. Girija Sankar Tripathy as Chief Financial Officer of the Company with effect from Wednesday, 3rd June 2026.

2. Resignation of CFO: The Board noted the resignation of Mr. Muthusamy Palanisamy from the post of Chief Financial Officer of the Company with effect from Wednesday, 3rd June 2026.

Details of New CFO Appointment

  • Name: Mr. Girija Sankar Tripathy
  • Designation: Chief Financial Officer
  • Effective Date: Wednesday, 3rd June 2026
  • Brief Profile: He is a seasoned finance professional with over 15 years of extensive experience in budgeting, financial planning, corporate reporting, MIS development, and financial control across large-scale manufacturing organizations. He possesses strong expertise in cost management and product costing, enabling effective monitoring of operational performance, profitability, and business efficiency. Throughout his career, he has successfully led project management initiatives, strengthened internal control frameworks, and driven process improvement programs to enhance financial governance, analytical capabilities, and decision-making effectiveness. He is recognized for his ability to collaborate closely with senior management and business leaders, providing actionable financial insights, optimizing reporting processes, and aligning financial strategies with organizational objectives to support sustainable growth and value creation.
  • Relationships Between Directors: Not Applicable

Details of CFO Resignation

  • Name: Mr. Muthusamy Palanisamy
  • Designation: Chief Financial Officer
  • Cessation Date: Wednesday, 3rd June 2026
  • Reason for Resignation: Resignation due to restructuring and reorganization of management functions at the group level and the consequent decisions taken by the Board in this regard.
  • Confirmation of No Material Reasons: The Company has received confirmation from Mr. Muthusamy Palanisamy that there are no other material reasons for his resignation other than those provided in the resignation letter.

Resignation Letter Details

Mr. Muthusamy Palanisamy submitted his resignation letter dated 3rd June 2026, addressed to the Board of Directors. In the letter, he expressed gratitude for the opportunity to serve as CFO and stated that his resignation was pursuant to the restructuring and reorganization of management functions at the group level and consequent Board decisions. He confirmed that there are no material reasons for his resignation other than the stated reason.

Financial Impact

No specific financial impact quantified in the disclosure.