Shriram Properties543419Routine director change

Board approves appointment of two Non-Executive Independent Directors for five years

Board approves two new Non-Executive Independent Directors.

By ScoutQuest · Thu 22 Oct 2026, 1:08 PM IST · 3 min read

Appointees: Mrs. Revathy Iyer (DIN: 01952230) and Dr. R. Seetharaman (DIN: 01846777)
Tenure: five (5) consecutive years, effective October 22, 2026
Condition: Subject to shareholders' approval; as Additional Directors, Non-Executive Independent

What was announced

The Board has approved the appointment of two persons as Additional Directors in the Non-Executive Independent Director category, based on the recommendation of the Nomination and Remuneration Committee:

Mrs. Revathy Iyer (DIN: 01952230)
Dr. R. Seetharaman (DIN: 01846777)

Both appointments are for a period of five (5) consecutive years, effective October 22, 2026, and are subject to the approval of the shareholders. The update states that neither is related to any Director of the Company, and that neither is debarred from holding the office of Director by SEBI or any other regulatory or statutory authority.

Who is Mrs. Revathy Iyer

Holds a Master's Degree in Chemistry from University of Delhi.
Former Central Board Member of the Reserve Bank of India (RBI).
Former Deputy Comptroller & Auditor General – Govt. Accounts (December 2013 – May 2014).
Additional Deputy Comptroller & Auditor General – Eastern States (September 2012 – December 2013), responsible for the CAG Audit Reports on the accounts of Andhra Pradesh, Odisha, Tamil Nadu, West Bengal and Puducherry.
Joint Secretary in the Department of Atomic Energy, Government of India (October 2007 – March 2012).
Joined the Indian Audit & Accounts Service in 1980 and held several positions, including Assistant Accountant General in Maharashtra and Delhi accounts and audit offices, Principal/Chief Auditor at Central Railway and Northern Railway, Minister (Audit) in the High Commission of India, and Principal Director of Commercial Audit & ex-officio Member, Audit Board-II, Mumbai (April 2005 – October 2007).
Served as Chairperson of the Government Accounting Standard Advisory Board (GASAB).
Post retirement, worked as Director Finance & Operations in an international NGO (Engender Health) from September 2015 to March 2017.

Who is Dr. R. Seetharaman

Former CEO of Doha Bank (2007 – 2022), with a finance and banking career spanning over 40 years.
Currently serves as an Independent Board Member at L&T Finance Limited.
A Chartered Accountant, with a certificate in IT systems and Corporate Management, and a gold medalist in his graduation (Bachelor of Commerce).
Holds multiple doctorates, including 3 PhDs, from universities in global governance, green banking and sustainability, and economic implications of global citizenship.
Conferred the Pravasi Bharatiya Samman Award by the Government of India in 2017.
Runs a non-profit organisation named "Seetharaman School of Sustainable Development" and is the founder of "The Green TV".
Was recommended by the United Nations Alliance of Civilization for the Nobel Peace Prize award in 2016, and has received several industry awards.

What this changes

Two additional independent directors come on board, bringing audit, public finance and banking experience.
The appointments are as Additional Directors, which means shareholders still have to approve them.
The tenure is fixed at five (5) consecutive years from October 22, 2026.

How to read it

This is a board composition update. It changes who sits on the board as independent directors and what experience they bring; the update itself contains no financial or operational figures. The next step is the shareholders' approval the company has said the appointments are subject to.

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