Tamilnadu Steel Tubes Ltd appointed S. Avantika Shankar as an independent director representing small shareholders. The appointment follows shareholder approval at the company’s 47th annual general meeting held on September 16, 2026.

Shankar will serve a three-year term commencing on September 21, 2026, and ending on September 20, 2029. She replaces CMA Mrs. Divya Abhishek, whose tenure expired on September 20, 2026. The board initially appointed Shankar as an additional director effective September 21, 2026, pending final ratification by members.

Governance Details

The appointment aligns with Section 149 of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Shankar submitted a declaration confirming she meets the independence criteria under Section 149(6) of the Act.

As an independent director nominated to represent small shareholders, she is not liable to retire by rotation during her term. The company’s company secretary, K. Suresh, issued the formal appointment letter requesting consent to facilitate filing of necessary e-Forms with the Registrar of Companies.

Tamilnadu Steel Tubes accepted the resignation of Mrs Divya Abishek as Independent Director, effective September 20, 2026. The departure follows the completion of her second and final three-year tenure on the board.

The Board of Directors noted the resignation during its meeting held on August 14, 2026, at the company’s registered office in Chennai. Mrs Abishek (DIN: 08709050) tendered her resignation upon the conclusion of her term, as mandated by regulatory guidelines for independent directors.

Board Resolution and Governance

The board passed a unanimous resolution acknowledging the end of Mrs Abishek’s tenure. The resolution cited compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key actions authorized by the board include:

• Filing Form DIR-12 with the Registrar of Companies (ROC).
• Making necessary disclosures to stock exchanges.
• Updating statutory registers to reflect the change in board composition.

Appreciation for Contributions

The board recorded its appreciation for Mrs Abishek’s guidance and support during her tenure. Her expertise contributed to the company’s strategic decision-making and governance frameworks.

Mrs Abishek thanked the chairperson, management, and fellow board members for their cooperation during her association with the company.

What the Numbers Show

The source document contains no financial data, revenue figures, or balance sheet metrics. Consequently, no analytical observation regarding financial performance or trends can be derived from this filing.