Management Change13 Oct 2026, 08:00 pm
Sundaram-Clayton: P Kaniappan resigns as Independent Director
AI Summary
Sundaram-Clayton Ltd announced the resignation of Mr. P Kaniappan (DIN: 02696192) as a Non-Executive Independent Director, effective October 13, 2026. Mr. Kaniappan cited his intention to pursue other interests as the reason for his departure. Consequently, he also ceases to be the Chairperson of the Stakeholders’ Relationship Committee and a member of the Nomination and Remuneration Committee. He confirmed that there are no other material reasons for his resignation beyond those stated.
Key Highlights
- Independent Director P Kaniappan resigned from the board.
- Resignation is effective October 13, 2026.
- He cited "to pursue other interests" as the reason.
- Also stepped down from Stakeholders’ Relationship and Nomination committees.
- Confirmed no other material reasons for his departure.
Price Impact
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