Board approves application to Centre for MD continuation after 70; interim change to Non-Executive Chairman

Dindigul Farm Product Ltd's Board met on 09 October 2026 and approved update an application before the Central Government.

Fri 9 Oct 2026

Board Meeting Date

09 October 2026

Application for MD Continuation

Approval for Mr. R Rajasekaran to continue as Managing Director after attaining the age of 70 years

Interim Designation Change

From Chairman and Managing Director to Non-Executive Chairman, up to receipt of Central Government's approval

Board outcome

• The Board of Directors of Dindigul Farm Product Ltd, at its meeting held on 09 October 2026, considered and approved update an application before the Central Government.
• The application seeks approval for the continuation of Mr. R Rajasekaran as Managing Director after he attains the age of 70 years.
• The Board further approved, for the interim, a change in his designation from Chairman and Managing Director to Non-Executive Chairman, up to the receipt of the Central Government's approval.
• The Board Meeting commenced at 12:45 P.M. and concluded at 01:15 P.M.

What the two decisions mean

• Two separate things were approved: first, applying to the Central Government for approval for Mr. R Rajasekaran to continue as Managing Director beyond the age of 70 years; second, an interim designation change while that approval is awaited.
• A managing director is typically the executive who handles the day-to-day management of a company. The update shows the company is seeking government approval for him to continue in that position after attaining the age of 70 years.
• The interim arrangement changes his designation to Non-Executive Chairman. A non-executive chairman typically chairs the Board and is not part of day-to-day management, which is a different role from the combined Chairman and Managing Director position he held.
• The update links the two decisions: the interim designation change is stated to be up to the receipt of the Central Government's approval.

What investors may track

• The outcome of the application shared before the Central Government.
• Whether the top management and Board structure remains as approved in this interim arrangement, since the designation change is described as an interim one.

No monetary figures or share-related figures were part of this outcome.

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