Hyundai Motor India appoints Mukundan MS as Whole-Time Director
- Shareholders appointed Mr. Mukundan MS as Whole-Time Director
- The role is effective from September 1, 2026, until February 28, 2030
- The 30th AGM approved FY26 financial statements and dividend declaration
- Remote e-voting was conducted via NSDL with 116 shareholders attending
*this image is generated using AI for illustrative purposes only.
Hyundai Motor India shareholders approved the appointment of Mr. Mukundan MS as Whole-Time Director during its 30th Annual General Meeting on August 26, 2026. The appointment is effective from September 1, 2026.
The virtual meeting also saw the approval of audited financial statements for the fiscal year ended March 31, 2026. Shareholders voted on resolutions regarding dividend declaration and the re-appointment of key directors through remote e-voting facilitated by National Securities Depository Limited (NSDL).
Appointment Details
The board confirmed that Mr. Mukundan MS will serve as a Whole-Time Director (Non-Independent, Executive Director) for a period ending on February 28, 2030. This appointment was ratified by shareholders in compliance with SEBI LODR regulations.
Meeting Proceedings
The AGM was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI guidelines. Mr. Tarun Garg, Managing Director & CEO, chaired the session attended by 116 shareholders.
Key attendees included:
- Mr. Wangdo Hur, Whole Time Director and CFO
- Mr. Dong Huwy Park, Whole Time Director and COO
- Ms. Shalini Puchalapalli, Independent Director and Audit Committee Chairperson
Statutory, Secretarial, and Cost Auditors were present to address shareholder queries.
Resolutions Approved
| Resolution Type | Particulars |
|---|---|
| Ordinary | Adoption of standalone and consolidated financial statements for FY26 |
| Ordinary | Declaration of dividend on equity shares for FY26 |
| Ordinary | Re-appointment of Mr. Wangdo Hur as Director |
| Ordinary | Appointment of Mr. Mukundan MS as Whole Time Director |
| Ordinary | Ratification of remuneration for Cost Auditors Geeyes and Co. |
The Company Secretary confirmed no qualifications in the Statutory or Secretarial Auditor reports. E-voting concluded shortly after the meeting ended.
Historical Stock Returns for Hyundai Motor India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.13% | +3.61% | +15.38% | +2.68% | -9.61% | 0.0% |
How is Mr. Mukundan MS's appointment expected to influence Hyundai Motor India's strategic focus on electric vehicle localization and supply chain resilience?
What does the declaration of dividends for FY26 signal about the company's capital allocation strategy amidst increasing competition in the Indian passenger vehicle market?
With the re-appointment of CFO Mr. Wangdo Hur, what financial performance targets or cost-optimization measures should investors anticipate for the upcoming fiscal year?
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