Sambandam Spinning Mills Limited has announced the reappointments and confirmations of several directors following its 52nd Annual General Meeting (AGM) held on September 18, 2026. Key appointments include the reappointment of Sri S. Bhaskaran for a second term and the confirmation of Mr. TCA Srinivasa Prasad and Mr. S. Prakash as Non-Executive Independent Directors. Additionally, the tenures of Dr. V. Sekar and Mr. D. Balasundaram as Non-Executive Independent Directors have concluded.
Director Reappointments Confirmed at AGM
Sambandam Spinning Mills Limited announced significant updates regarding its board of directors following the 52nd Annual General Meeting (AGM) held on September 18, 2026. The company confirmed the reappointment and tenure details for several key directorial positions, ensuring continuity in leadership and governance.
Key Director Changes and Reappointments
Sri S. Bhaskaran has been reappointed by the Board of Directors for a second term, effective August 14, 2026, for a duration of three years. This reappointment was further approved and confirmed by the shareholders through a special resolution during the AGM on September 18, 2026.
Mr. TCA Srinivasa Prasad has been appointed as a Non-Executive Independent Director for his first term of three years. This appointment took effect from the conclusion of the 52nd AGM on September 18, 2026.
Similarly, Mr. S. Prakash has also been appointed as a Non-Executive Independent Director for his first term of three years, commencing from the conclusion of the 52nd AGM on September 18, 2026.
Tenure Completions
The tenure of Dr. V. Sekar as a Non-Executive Independent Director has concluded with the end of his second and final term, effective from the conclusion of the 52nd AGM on September 18, 2026.
Likewise, the tenure of Mr. D. Balasundaram as a Non-Executive Independent Director has also concluded, marking the end of his second and final term on September 18, 2026.
Director Profiles and Declarations
The profiles of the directors reflect extensive experience in their respective fields. Sri S. Bhaskaran brings a background from his tenure as General Manager in Banking and Financial Services. Mr. TCA Srinivasa Prasad, a Bachelor of Science graduate with qualifications in CMA, has decades of experience in financial consulting and management. Mr. S. Prakash holds a B. Tech in Textile and a PG Diploma in Management, with significant experience in managing spinning mills.
All appointed and reappointed directors have declared that they are not debarred from holding the office of Director by any SEBI order or other such authority. Furthermore, none of the directors mentioned have any disclosed relationship with other Directors or Key Managerial Personnel of the Company.
Source: BSE
