Sundaram Clayton Limited has announced significant developments regarding its earlier intimation about key managerial personnel changes. In a Board meeting held on March 30, 2026, the company rescinded its previous decision regarding Company Secretary changes and announced important leadership transitions at the Chairman level.

Reversal of Company Secretary Changes

The Board of Directors reconsidered and reversed the previously announced Company Secretary transition. After detailed deliberations and following the withdrawal of resignation by Mr. P.D. Dev Kishan, the Board rescinded both his relieving as Company Secretary and Compliance Officer and the appointment of Ms. M Muthulakshmi to the position.

This reversal means Mr. P.D. Dev Kishan will continue in his role as Company Secretary, Compliance Officer, and Key Managerial Personnel without any interruption in service, contrary to the March 27, 2026 intimation that indicated his departure.

Leadership Changes at Board Level

The Board meeting also approved significant changes in the company's top leadership structure. Mr. R Gopalan stepped down from his position as Chairman of the Company with immediate effect, though he will continue serving as a Non-Executive Independent Director.

Consequent to Mr. Gopalan's transition, Mr. Venu Srinivasan, who previously held the position of Chairman Emeritus and Managing Director, has been redesignated as Chairman and Managing Director of the Company with immediate effect.

Meeting Details and Regulatory Compliance

The Board meeting was conducted on March 30, 2026, commencing at 9:00 AM IST and concluding at 9:30 AM IST. The announcements were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development represents a significant change from the company's March 27, 2026 intimation, demonstrating the Board's flexibility in reconsidering decisions based on evolving circumstances. The reversal ensures continuity in the Company Secretary function while implementing strategic changes at the Chairman level to strengthen the company's leadership structure.

Sundaram Clayton has declared an interim dividend of Rs 4.50 per share (90%) for the financial year ending March 31, 2026. The Board of Directors approved this dividend declaration at their meeting held on March 27, 2026, demonstrating the company's commitment to returning value to its shareholders through regular profit distributions.

Dividend Declaration Details

The interim dividend will be paid on 2,20,46,162 equity shares of Rs 5 each fully paid up, absorbing a total sum of Rs 9.92 crore. The following table summarizes the key dividend information:

Record Date and Payment Timeline

Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has fixed April 3, 2026 as the record date for determining eligible shareholders. The interim dividend will be paid to shareholders who hold shares in physical form and/or electronic form and whose names appear in the Register of Members and/or Depositories respectively, as at the close of working hours on the record date.

The dividend payment will be made within 30 days from the declaration date, as provided in the Companies Act, 2013. This timeline ensures prompt distribution of returns to eligible shareholders while maintaining compliance with regulatory requirements.

Regulatory Compliance and Communication

The company has formally communicated this dividend declaration to both BSE Limited and National Stock Exchange of India Limited through official correspondence. This communication follows the company's earlier intimation dated March 19, 2026, ensuring full transparency and regulatory compliance in the dividend declaration process.

Shareholder Benefits

The interim dividend declaration represents the company's decision to distribute a portion of its profits to shareholders during the current financial period. This payment provides immediate returns to investors while the company continues its operations and business activities. Interim dividends are typically declared by companies when they have sufficient distributable profits and cash flows to reward shareholders before the completion of the full financial year, reflecting management's confidence in the company's financial position and ongoing business performance.