StockWatch
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Non Banking Financial Company (NBFC)
Management Change29 Jul 2026, 02:42 pm

Abirami Financial Services Reappoints Directors

AI Summary

Abirami Financial Services India Ltd announced that its Board of Directors, in a meeting held on July 28, 2026, approved the re-appointment of Mr. K.V. Aiyappan as a Non-executive Director cum Chairman. The board also approved the re-appointment of Mr. A.K. Sabesan and Mrs. Revathi Sureshkumar as Independent Directors for a second term, subject to shareholder approval. The retirement of Mr. M.G. Bhaskar as an Independent Director was also noted. The re-appointments are effective from September 30, 2026, with Mr. Sabesan and Mrs. Sureshkumar serving for five years and not liable to retire by rotation.

Key Highlights

  • Board approved re-appointment of Mr. K.V. Aiyappan as Director and Chairman.
  • Independent Directors Mr. A.K. Sabesan and Mrs. Revathi Sureshkumar re-appointed.
  • Re-appointments are for a second term, subject to shareholder approval.
  • Retirement of Independent Director Mr. M.G. Bhaskar was noted.
  • New terms for re-appointed directors are effective September 30, 2026.