Sundaram Finance Limited has announced the resignation of its Chairman, Mr. S. Viji, from his position as Non-Executive Director and Chairman of the Board. This change is effective from the close of the Board Meeting held on November 4, 2026, due to personal considerations and age. The Board of Directors has subsequently appointed Mr. R. Venkatraman as the new Chairman. Mr. Viji has served the company for an extensive period, including 40 years on the Board and 21 years as Chairperson.
Sundaram Finance Announces Leadership Transition
In a significant governance development, Sundaram Finance Limited informed the stock exchanges about the resignation of its esteemed Chairman, Mr. S. Viji. The decision, announced after the Board Meeting on November 4, 2026, cites Mr. Viji’s age and other personal considerations as the reasons for relinquishing his office as Non-Executive Director and Chairman of the Board. His resignation is effective from the conclusion of the aforementioned meeting.
Appointment of New Chairman
Following Mr. Viji’s departure, the Board of Directors has elected Mr. R. Venkatraman, an Independent Director, to assume the role of Chairman of the Board. This transition marks a new chapter in the company’s leadership, with Mr. Venkatraman set to guide Sundaram Finance forward.
Retirement of Long-Serving Chairman
Mr. S. Viji has been a pivotal figure in the company’s journey, having served on the Board for an impressive 40 years and as Chairperson for 21 years. His extensive tenure has been marked by significant contributions to the company’s growth and stability. The company acknowledged his service and conveyed best wishes for his future endeavors.
Disclosure Details
The disclosure was made as per Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting, which saw these key decisions, commenced at 10:00 A.M. and concluded at 02:20 P.M. Details pertaining to the change are provided in the enclosed Annexure for regulatory records.
Source: BSE
