Abirami Financial regularises Santhosh Veerappan as Independent Director
Abirami Financial Services (India) Limited has regularised the appointment of Mr. Santhosh Veerappan as a Non-Executive Independent Director for a five-year term effective April 27, 2026, following shareholder approval through a postal ballot. The resolution passed with 100% of votes cast in favour, polling 3,811,862 shares. Mr. Veerappan brings 10 years of experience in regulatory affairs and corporate governance.
*this image is generated using AI for illustrative purposes only.
Abirami Financial Services (India) Limited has regularised the appointment of Mr. Santhosh Veerappan as a Non-Executive Independent Director for a period of five years, effective from April 27, 2026. The appointment was approved by shareholders through a postal ballot resolution, with the resolution deemed passed on June 9, 2026. The move strengthens the company's governance framework with the addition of a seasoned corporate governance professional.
The postal ballot, conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, sought shareholder approval for the regularisation. Mr. Santhosh Veerappan, holding DIN 11638469, was the subject of the special resolution. The remote e-voting period commenced on May 10, 2026, and concluded on June 9, 2026.
Voting Results Summary
The scrutinizer's report confirmed that the resolution was passed with overwhelming support. A total of 3,811,862 votes were polled, representing 70.59% of the total outstanding shares. The breakdown of the voting participation is detailed below:
| Shareholder Category | Shares Held | Votes Polled | Votes in Favour | Votes Against |
|---|---|---|---|---|
| Promoter and Promoter Group | 3,545,000 | 3,545,000 | 3,545,000 | 0 |
| Public Non-Institutions | 1,855,000 | 266,862 | 266,858 | 4 |
| Grand Total | 5,400,000 | 3,811,862 | 3,811,858 | 4 |
Director Profile
Mr. Santhosh Veerappan is a distinguished Company Secretary and corporate governance professional with a pre and post qualification experience of 10 years in regulatory affairs, finance, and secretarial compliance. He currently serves as the Company Secretary & Compliance Officer for a leading listed manufacturer of wires and cables. His career includes previous associations with private entities and secretarial firms, gaining deep insights into corporate finance and advisory services. He has also contributed as a Faculty for Stock Market Awareness Programs under the aegis of the National Stock Exchange (NSE).
Procedural Details
Sindhuja Porselvam, Company Secretary in Practice, served as the scrutinizer for the e-voting process. The votes were unblocked on June 9, 2026, in the presence of two witnesses, Mr. Ramkishore G and Ms. Sri Vidhyaa N, who are not employed by the company. The cut-off date for determining shareholder eligibility was May 4, 2026. The company disclosed that the public advertisement regarding the postal ballot was published in the English newspaper "Trinity Mirror" and the vernacular newspaper "Makkal Kural" on May 9, 2026.
Historical Stock Returns for Abirami Financial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.00% | +11.62% | +17.62% | -11.34% | -23.76% | +799.75% |
How will Mr. Veerappan's expertise in regulatory affairs influence Abirami Financial Services' future compliance strategies?
What specific governance initiatives can be expected following the regularisation of this independent director appointment?
Will the company seek to further diversify its board composition with additional independent members in the near term?
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