Management Change5 May 2026, 01:10 pm
Shanthi Gears: Ramkumar Retires, Ilango Appointed Director
AI Summary
Shanthi Gears Ltd. announces the retirement of Mr. L Ramkumar as Non-Executive Independent Director, effective May 6, 2026, and the appointment of Mr. K Ilango as an Additional and Independent Director for a 5-year term, from May 5, 2026, to May 4, 2031, subject to shareholder approval. The board also approved the audited financial results for FY26, recommended a final dividend of ₹2 per share, and scheduled the 53rd AGM for July 29, 2026.
Key Highlights
- Mr. L Ramkumar retires as Non-Executive Independent Director effective May 6, 2026.
- Mr. K Ilango appointed as Additional and Independent Director for 5 years, subject to shareholder approval.
- Final dividend of ₹2 per share recommended for FY26, totaling ₹5 per share including interim dividend.
- 53rd Annual General Meeting scheduled for July 29, 2026, via video conferencing.
- Mr. Suresh P L to step down as Head – Technology effective June 13, 2026.
Price Impact
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