Change in Director / Key Managerial Personnel

Cessation of Mr. K R Anandan as Chief Financial Officer

  • Nature of change: Cessation from the position of Chief Financial Officer
  • Name and DIN: Mr. K R Anandan (DIN not disclosed in document)
  • Effective date: 23rd May 2026
  • Reason: To enable Mr. K R Anandan to focus on overall business growth of the Company as Whole-Time Director
  • Relationship with other directors: Nil relationship disclosed
  • Continued role: Mr. K R Anandan shall continue as a Whole-Time Director and Key Managerial Personnel of the Company

Appointment of Mr. Narasimhan Raghunathan as Chief Financial Officer

  • Nature of change: Appointment as Chief Financial Officer and Key Managerial Personnel
  • Name: Mr. Narasimhan Raghunathan (DIN not disclosed in document)
  • Effective date: 23rd May 2026
  • Approval process: Based on recommendation of the Nomination and Remuneration Committee and Audit Committee
  • Qualifications: Graduate in Commerce and law, qualified Chartered Accountant, Cost Accountant and Company Secretary
  • Experience: Nearly 25 years of experience in steering financial operations/finance functions across various manufacturing industries
  • Previous associations: Greenstar Fertilizers Limited, Elecon Engineering Limited, KSB Pumps Limited, ZF Wind Power Limited, Ernst & Young, Ashok Leyland
  • Relationship with other directors: Nil relationship disclosed

Governance Implications

  • The appointment represents a planned succession rather than an interim arrangement
  • The change maintains continuity as the outgoing CFO remains as Whole-Time Director
  • The new CFO brings extensive financial expertise relevant to the manufacturing industry

Any Other Material Information

  • Regulatory compliance: Disclosure made under Regulation 30(6) of SEBI (LODR) Regulations, 2015 and Para A of Schedule III
  • Board meeting date: 22nd May 2026
  • Company Secretary: R Swaminathan certified the disclosure with digital signature dated 22nd May 2026 at 20:08:45