Board Meeting Details

The Board of Directors meeting was held on 7th August 2026 via video conferencing, commencing at 12:30 PM and concluding at 1:45 PM.

Key Decisions Approved

1. Appointment of Additional (Independent) Director

  • Based on recommendation of Nomination and Remuneration Committee
  • Mr. M. Karunakaran (DIN: 11874200) appointed as Additional Director
  • Capacity: Non-Executive Independent Director
  • Term: 5 consecutive years
  • Effective from: 7th August 2026
  • Subject to approval of shareholders at ensuing Annual General Meeting
  • Not liable to retire by rotation

2. Reconstitution of Board Committees

Consequent to director appointment, the following committees were reconstituted effective 7th August 2026:

  • Audit Committee
  • Nomination and Remuneration Committee
  • Stakeholders Relationship Committee

Director Profile Details

Mr. M. Karunakaran

  • Retired Chief Manager of Indian Overseas Bank
  • Extensive experience in banking, management, compliance, regulatory financial risk assessment, credit administration, and corporate governance
  • Proven leadership experience managing teams and resolving complex legal issues
  • Currently practicing Advocate before the High Court of Judicature at Madras enrolled with Madras Bar Association
  • Not related to any existing Director or Key Managerial Personnel of the Company
  • Not debarred from holding director office by virtue of any SEBI order or other authority

Committee Composition (Effective 7th August 2026)

Audit Committee

  • Mr. M. Karunakaran (Independent - Non Executive Director) - Chairman
  • Mrs. Shama Dhilip (Independent - Non Executive Director) - Member
  • Mrs. Jayanthi Radhakrishnan (Executive Director) - Member

Nomination and Remuneration Committee

  • Mrs. Shama Dhilip (Independent - Non Executive Director) - Chairman
  • Mr. M. Karunakaran (Independent - Non Executive Director) - Member
  • Mr. Akash Prabhakar (Non-Executive Director) - Member

Stakeholders Relationship Committee

  • Mr. M. Karunakaran (Independent - Non Executive Director) - Chairman
  • Mrs. Shama Dhilip (Independent - Non Executive Director) - Member
  • Mr. Edward Prabhakar (Non-Executive Director) - Member

Financial Impact

No financial impact quantified in the disclosure.