95th AGM: shareholders approve A. A. Balan's re-appointment as Independent Director (Non-Executive) for a second 5-year term

Salem Erode Investments held its 95th Annual General Meeting on Wednesday, September 30, 2026 (10:30 A.M. to 11:00 A.M. IST).

Thu 1 Oct 2026

AGM Held

95th Annual General Meeting on Wednesday, September 30, 2026 (10:30 A.M. to 11:00 A.M. IST)

Re-appointment Approved

Mr. Ambadath Aiyyappan Balan (DIN: 01996253) as Independent Director (Non-Executive)

Term of Re-appointment

second term of five (5) consecutive years, from September 29, 2026 to September 28, 2031

Directorship Details

Partner of Balan Construction Company; over six decades of experience in the construction industry

Related Party Status

not related to any director of the Company

Outcome of the 95th Annual General Meeting

Salem Erode Investments Ltd has informed the exchanges about the outcome of its 95th Annual General Meeting (AGM), held on Wednesday, September 30, 2026. The meeting commenced at 10:30 A.M. IST and concluded at 11:00 A.M. IST.

The management change

• Shareholders approved the re-appointment of Mr. Ambadath Aiyyappan Balan (DIN: 01996253) as Independent Director (Non-Executive) of the Company.
• The re-appointment is for a second term of five (5) consecutive years, commencing September 29, 2026 and ending September 28, 2031.
• Mr. Balan is not related to any of the directors of the Company.

Who is Mr. Balan:

He completed his Civil Engineering course from the Madras Government Technical Education Board in 1957, with specialisation in Surveying and Levelling, Building Materials and Construction. He is a Partner of Balan Construction Company and possesses over six decades of experience in the construction industry. He was conferred the Vikas Ratna Award by the International Friendship Society of India.

What a re-appointment of an independent director means

• An independent director is a board member who is not part of the company's day-to-day management; the role is to bring outside oversight to board decisions.
• A second term of five consecutive years is placed before shareholders for approval, which is what the AGM resolution did here.
• A DIN is a Director Identification Number, a unique code held by every director registered in India.
• A re-appointment keeps board continuity; it does not by itself change the company's business, orders or finances.

How to read this

• This is a shareholder-approved board change, disclosed as a change in management. Such updates are routine in nature.
• The detail worth noting is the term: five (5) consecutive years, from September 29, 2026 to September 28, 2031.
• Since the director is a non-executive independent director, the change concerns board oversight rather than day-to-day operations.

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