Tube Investments of India Limited’s Board of Directors has approved the recommendation for the appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a five-year term. Additionally, the Board appointed Mr. S Venkataraman as Chief People Officer and Senior Management Personnel, effective immediately. Concurrently, Mr. R B Selvakumar has transitioned from Senior Management to a business role.
Key Board Decisions Announced
Tube Investments of India Limited announced the outcomes of its recent Board meeting held on 29th June 2026. The Board made significant decisions regarding the appointment of statutory auditors and changes within the senior management team.
Statutory Auditor Appointment
Following a recommendation from the Audit Committee, the Board has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the Company’s Statutory Auditors. This appointment is proposed for a term of five consecutive years, commencing from the conclusion of the ensuing 18th Annual General Meeting until the conclusion of the 23rd Annual General Meeting. The shareholders will vote on this recommendation at the 18th Annual General Meeting.
Senior Management Reshuffle
In a separate move, based on the recommendation of the Nomination and Remuneration Committee, the Board has appointed Mr. S Venkataraman as the new Chief People Officer. He has also been designated as a Senior Management Personnel of the Company, with his appointment effective immediately. The Board also noted the transition of Mr. R B Selvakumar, EVP & Head HR, who ceases to be a Senior Management Personnel with immediate effect, as he moves into a business role.
Meeting Details
The Board meeting commenced at 12:55 P.M. and concluded at 1:10 P.M. on 29th June 2026.
Source: BSE
