Crompton has announced that Mr. Sundaram Damodarannair’s tenure as Non-Executive, Independent Director will conclude on September 17, 2025. The board has approved his appointment as an Additional, Non-Executive, Non-Independent Director and Chairman, effective September 18, 2025. This has led to a reconstitution of various board committees to accommodate the change.
Board Leadership Transition
Mr. Sundaram Damodarannair’s second term as Non-Executive, Independent Director and Chairman of the Board will conclude on September 17, 2025. He was first appointed on August 26, 2015. Following this, the Board approved his appointment as an Additional, Non-Executive Non-Independent Director, effective September 18, 2025, until he reaches 75 years of age, i.e., until April 15, 2028, pending shareholder approval.
Reconstitution of Board Committees
Due to Mr. Damodarannair’s new role, several Board committees have been reconstituted, effective September 18, 2025. The changes are as follows:
Audit Committee:
Mr. Sanjiv Kakkar remains Chairperson, with Mr. P R Ramesh and Mr. Sundaram Damodarannair as members.
Nomination & Remuneration Committee:
Ms. Smita Anand remains Chairperson, with Mr. Sundaram Damodarannair and Mr. Anil Chaudhry as members.
Stakeholders’ Relationship Committee:
Mr. Sundaram Damodarannair is now the Chairperson, with Ms. Hiroo Mirchandani, Mr. Shantanu Khosla, and Mr. Promeet Ghosh as members.
Corporate Social Responsibility Committee:
Mr. Shantanu Khosla remains Chairperson, with Ms. Smita Anand, Mr. Sundaram Damodarannair, and Mr. Promeet Ghosh as members.
Risk Management Committee:
Mr. P R Ramesh remains Chairperson, with Mr. Anil Chaudhry and Mr. Sundaram Damodarannair as members.
Postal Ballot Notice
A Postal Ballot Notice seeking member consent for the appointment of Mr. Sundaram Damodarannair as Non-Executive Non-Independent Director has been approved. Details will be communicated to members and stock exchanges.
Board Diversity Policy Approval
The Board has approved a Board Diversity Policy to enhance corporate governance, improve decision-making, and ensure better stakeholder representation.
Source: BSE
