StockWatch
·
Diversified Retail
Board Meeting17 Dec 2025, 03:10 pm

Shanti Guru Industries Ltd: Jayaraman Madhusuthan Resigns as Independent Director Due to Personal Circumstances

AI Summary

Shanti Guru Industries Ltd announced the resignation of independent director, Jayaraman Madhusuthan, due to personal and unavoidable circumstances, effective August 25, 2025. Madhusuthan was a Non-Executive Independent Director of Shanti Guru Industries Ltd since February 3, 2023. He was also a Non-Executive Director of Jeyyam Global Foods Limited, a BSE listed SME company, from April 14, 2025. The company is planning to establish a manufacturing facility in Krishnagiri district for food products and sell its freehold land at Madhavaram to meet working capital needs. Additionally, Ms Sarika Sangavi and Mr. Santosh Choudannavar have been appointed as Additional Directors (Non-Executive) and (Non-Executive Independent), respectively.

Key Highlights

  • Jayaraman Madhusuthan resigns as Independent Director of Shanti Guru Industries Ltd.
  • Madhusuthan was a Non-Executive Independent Director since February 3, 2023.
  • Company to establish a manufacturing facility in Krishnagiri district for food products.
  • Freehold land at Madhavaram to be sold to meet working capital needs.
  • Ms Sarika Sangavi and Mr. Santosh Choudannavar appointed as Additional Directors.