Tamilnadu Steel Tubes Limited held its 2nd Board of Directors' Meeting for 2026-27 on Friday, August 14, 2026, at 12:30 p.m. at the company's Registered Office: No. 22, 1st Floor, Wheatcroft Road, Nungambakkam, Chennai-600 034.
The Chairperson informed the Board that Mrs. Divya Abishek (DIN: 08709050) would complete her second and final tenure as an Independent Director of the Company on September 20, 2026. Consequently, she will cease to be a Director effective from the close of business hours on September 20, 2026.
The Board expressed deep appreciation for Mrs. Abishek's valuable guidance, support, and immense contributions during her tenure, noting that her expertise greatly assisted in strategic decision-making and governance frameworks.
After discussion, the Board unanimously passed three resolutions:
1. To note the completion of Mrs. Divya Abishek's tenure as Independent Director effective September 20, 2026, pursuant to the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2. To place on record sincere appreciation and gratitude for her invaluable contributions, guidance, and services rendered during her tenure.
3. To authorize the Company Secretary or any Directors to file necessary statutory forms (including Form DIR-12) with the Registrar of Companies (ROC), make appropriate disclosures to Stock Exchanges, update statutory registers, and take all necessary steps to implement the resolution.
The document includes a resignation letter from Mrs. Divya Abishek dated September 19, 2026, formally tendering her resignation effective September 20, 2026, upon completion of her three-year tenure. She requested the company to file necessary e-forms (DIR-12) with ROC and submit required intimations to stock exchanges, and provide her with acknowledgment copies for her records.
Financial Impact
No financial impact quantified in the disclosure. This is a governance and compliance matter related to board composition changes.