Shareholders Regularize Three Independent Directors and Approve One New Appointment at AGM

At the AGM held on 28th September, 2026, shareholders regularized the appointment of Mr. Vasudevan Kidambi, Mr. S. Muthukumar and Mr. Mani Ravindran as Non-Executive Independent Directors.

Tue 29 Sep 2026

AGM Date

28th September, 2026

Directors Regularized

Mr. Vasudevan Kidambi, Mr. S. Muthukumar, Mr. Mani Ravindran

Director Appointed

Mr. A. Sankar as Non-Executive Independent Director

Term Duration

5 consecutive years until the conclusion of the 36th AGM, effective from 28.09.2026

What happened

At the Annual General Meeting held on 28th September, 2026, shareholders approved the board composition changes under Regulation 30 of SEBI LODR.

• Mr. Vasudevan Kidambi (DIN: 05137700) — appointment regularized as Non-Executive Independent Director
• Mr. S. Muthukumar (DIN: 00758407) — appointment regularized as Non-Executive Independent Director
• Mr. Mani Ravindran (DIN: 06560730) — appointment regularized as Non-Executive Independent Director
• Mr. A. Sankar (DIN: 03535173) — appointed as Non-Executive Independent Director

All four terms run for 5 consecutive years until the conclusion of the 36th AGM, effective from 28.09.2026.

Backgrounds

• Mr. Vasudevan Kidambi: business transformation strategist, ESG practitioner and Generative AI leadership coach with over three decades of corporate leadership and consulting experience across India, the Middle East, Africa and international markets; expertise in corporate strategy, governance, ESG, digital governance and AI, risk management and financial performance improvement.
• Mr. S. Muthukumar: engineering graduate with an MBA, with vast experience running warehousing businesses for over 30 years; expertise in general management, finance, accounting and logistics.
• Mr. Mani Ravindran: businessman with 40 years of experience in retail distribution, institutional sales, FMCG and telecom; expertise in sales and marketing, distribution and channel management, supply chain and retail operations.
• Mr. A. Sankar: a retired Indian Bank Manager with experience in the banking and financial sector; expertise in general management, accounting and finance.

Other disclosures

• None of the four is related to any Director of the Company or its subsidiary.
• None is debarred from holding the office of director by any SEBI order or other such authority.

What it means for investors

This is a governance and board-continuity update. Regularization means shareholders have formally confirmed directors already serving, while Mr. A. Sankar is a fresh addition to the independent director group. The mix of strategy, logistics, distribution and banking backgrounds broadens board experience. There is no direct change to the company's operations or financials from this update.

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