The Board of el forge has appointed M.S. Sivakaminathan as an Additional Director in the capacity of Independent Director, effective August 5, 2026. The appointment strengthens the company’s governance structure with the addition of a seasoned professional with four decades of senior executive experience across various industries. This move ensures continuity and expertise at the board level, although the final confirmation of the role remains contingent upon shareholder approval.

The appointment was formalized during a Board meeting held on August 5, 2026. The company disclosed the change pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with regulatory norms, EL Forge also referenced SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing to the Bombay Stock Exchange.

M.S. Sivakaminathan brings significant academic and professional credentials to the Board. He is a graduate of the Indian Institute of Management (IIM) Ahmedabad. His professional background includes holding senior executive positions in multiple industries over the last 40 years. The disclosure confirms that there are no existing relationships between Mr. Sivakaminathan and other directors of the company.

Appointment Details

The term of appointment spans five years, commencing from August 5, 2026. As per standard corporate governance practices for independent directors, the additional director status will convert to a full directorship only after receiving the necessary approvals from the shareholders at an upcoming general meeting. Until such approval is granted, Mr. Sivakaminathan will serve in the capacity of an Additional Director.

Governance Implications

The addition of an independent director with extensive cross-industry experience aligns with best practices for board diversity and expertise. Investors should note that while the Board has approved the appointment, the final outcome depends on shareholder voting. The company has provided all requisite disclosures regarding the appointee’s profile and potential conflicts of interest, confirming no related-party relationships exist within the current board structure.

EL Forge Limited held its 90th Annual General Meeting on July 20, 2026, at its Registered Office in Chengalpattu District. Shareholders approved all seven resolutions with over 99.99% of the votes cast in favour. The meeting approved the audited financial statements for the year ended March 31, 2026, and reappointed Mr. V. Srikanth as Director, who retires by rotation. The statutory auditor's report on the financial statements contained no qualifications, reservations, or adverse remarks.

The company appointed Mr. K. R. Srihari as Executive Director (Operations) and Mrs. Ananya Srikanth as Executive Director (Engineering & Marketing). Additionally, Mr. S. Vasudevan and Mr. Niranjan Sivan were appointed as Independent Directors. Mrs. B. Venkatalakshmi was appointed as the Secretarial Auditor under Section 204 of the Companies Act, 2013, and Regulation 24A(1C) of SEBI LODR Regulations.

Remote e-voting was facilitated through National Depository Services (India) Limited from July 17, 2026, to July 19, 2026. Polling through ballot paper was available during the meeting for members who had not cast their votes prior. The requisite quorum was present, and the meeting concluded at 12:45 p.m. IST.

Resolutions Passed

Key Attendees

The meeting was chaired by Mr. V. Srikanth. Directors present included Mr. K. V. Ramachandran, Mr. K. R. Srihari, Mrs. Ananya Srikanth, Mrs. Shubha Ganesh, Mr. S. Balkrishnan, Mr. S. Vasudevan, and Mr. Niranjan Sivan. Key managerial personnel included Mrs. Sowmithri R (Company Secretary) and Ms. Sujeetha G (Chief Financial Officer). Mr. D. Venkatesan attended as the Statutory Auditor.