The company had previously intimated the stock exchange about the outcome of the Board Meeting held on 26th June 2026, where the Board approved filing applications with the Reserve Bank of India seeking prior approval for the appointment of three directors: Mr. Angalappan Anandakumar, Mr. Suryanarayanan Meenakshi Sundaram, and Mr. Ganesan Mageshkumar.
The company has received RBI approval letter reference number KOL.DOR.NO.S 915/01-01-005/2026-27 dated 05 August 2026, granting approval specifically for the appointment of Mr. Angalappan Anandakumar as a Director of the Company. The approval is valid for a period of five years, until 31st July 2031.
The RBI has not accorded approval for the proposed appointments of Mr. Suryanarayanan Meenakshi Sundaram and Mr. Ganesan Mageshkumar as Directors of the Company. Accordingly, the company states that the proposed appointments of these two individuals shall not be proceeded with.
The disclosure is signed by Varsha Gupta, Company Secretary, on 6th August 2026.