Sundaram Clayton Limited has announced important changes in its key managerial personnel, with the resignation of its current Company Secretary and the appointment of a new successor. The changes were communicated to the stock exchanges on March 27, 2026, in compliance with regulatory disclosure requirements.

Leadership Transition Details

The company disclosed that Mr. P.D. Dev Kishan, who serves as Company Secretary, Compliance Officer, and Key Managerial Personnel, has informed the Board of Directors about his inability to continue in his current role due to personal reasons. His resignation will be effective from April 5, 2026.

New Appointment

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors appointed Ms. M Muthulakshmi as the new Company Secretary and Compliance Officer. Her appointment will take effect from April 6, 2026, ensuring seamless continuity in the company's secretarial functions.

Professional Background

Ms. Muthulakshmi brings substantial expertise to her new role. She is an Associate Member of the Institute of Company Secretaries of India and has completed Inter from the Institute of Cost Accountants of India. Her professional experience spans over 15 years in critical areas including:

• Corporate governance
• Statutory and regulatory compliance
• Sustainability initiatives
• Enterprise risk management

Her career includes significant roles across diverse industries with reputed organizations such as Indian Additives Limited (a joint venture of CPCL & Chevron Oronite), GMMCO Limited (C K Birla Group), and most recently with ZF Commercial Vehicle Control Systems India Ltd, a leading multinational company.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as per SEBI Master Circular requirements, including annexures covering the cessation and appointment details.

The transition ensures that Sundaram Clayton Limited maintains its commitment to robust corporate governance and regulatory compliance standards while benefiting from Ms. Muthulakshmi's extensive experience across manufacturing, automotive, and allied sectors.

Sundaram Clayton Limited has successfully completed a significant land sale transaction worth ₹533.62 crore on March 26, 2026. The company announced the completion of the sale through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transaction Details

The land sale involves a 16.33-acre property situated at Korattur Village, Ambattur Taluk, Chennai District, Tamil Nadu. The buyer, Canopy Living LLP, represents a joint venture between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited.

Transaction Timeline

The sale process began with the execution of an Agreement to Sell on January 8, 2026. As part of the initial agreement, Sundaram-Clayton Limited received an advance payment of ₹25 crore from the buyer. The transaction reached completion on March 26, 2026, with the execution and registration of the sale deed.

Financial Settlement

The company has received the balance consideration aggregating to ₹533.62 crore following due diligence procedures. This amount represents the full and final settlement of the transaction, completing all financial obligations related to the land sale.

Regulatory Compliance

Sundaram-Clayton Limited has maintained transparency throughout the transaction process by providing timely disclosures to the stock exchanges. The company initially informed the National Stock Exchange of India Limited and BSE Limited about the Agreement to Sell on January 8, 2026, and has now updated stakeholders about the successful completion of the transaction as a material development under regulatory requirements.