Eastern Treads Limited Announces Key Board Changes and Director Appointments
Eastern Treads Limited, a tyre retreading industry leader, has made significant changes to its board composition following shareholder approval at its 32nd AGM. Mr. Navas Meeran was re-appointed as Director, Dr. Siby Varghese appointed as Independent Director for five years, and Mr. Devarajan Krishnan appointed as Director and Whole Time Director for three years. The new board brings extensive industry experience and expertise in tyre retreading, rubber technology, and corporate finance.
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Eastern Treads Limited , a prominent player in the tyre retreading industry, has announced significant changes to its board composition following shareholder approval at its 32nd Annual General Meeting (AGM) held on September 25, 2025.
Board Reappointments and New Additions
The company has made several key appointments and reappointments to strengthen its leadership team:
Mr. Navas Meeran has been re-appointed as a Director following his retirement by rotation. Mr. Meeran, who serves as the Chairman of the Meeran Group of Companies, brings over 33 years of experience in the tyre retreading industry to the board.
Dr. Siby Varghese has been appointed as an Independent Director for a five-year term, effective from August 14, 2025. Dr. Varghese, with a Ph.D. in Polymer Chemistry, brings extensive rubber industry expertise to the company.
Mr. Devarajan Krishnan has been appointed as a Director and subsequently as a Whole Time Director for a three-year term, also effective from August 14, 2025. Mr. Krishnan, a Chartered Accountant since 1993, currently serves as both the Chief Financial Officer and Chief Executive Officer of the company.
Expertise and Experience
The newly constituted board brings a wealth of experience and expertise to Eastern Treads Limited:
Mr. Navas Meeran, with his 33 years in the tyre retreading industry, has been instrumental in the company's global expansion. He is also the past Chairman of the Confederation of Indian Industry (CII), Southern Region.
Dr. Siby Varghese boasts an impressive academic background with over 120 international journal publications and 600+ conference papers in rubber technology. His expertise includes consultancy work supporting over 300 MSME products.
Mr. Devarajan Krishnan brings over 30 years of corporate experience across various sectors, including manufacturing, shipping services, and IT development industries. His expertise spans corporate finance, financial planning, and regulatory compliance.
Shareholder Approval and Compliance
These board changes were approved by the shareholders at the AGM, demonstrating strong support for the company's leadership direction. The appointments comply with the provisions of the Companies Act, 2013, and SEBI regulations, ensuring proper corporate governance.
Eastern Treads Limited's strategic board restructuring aims to leverage the diverse expertise of its directors to drive growth and innovation in the tyre retreading sector. With a mix of industry veterans and financial experts, the company is well-positioned to navigate the challenges and opportunities in the evolving market landscape.
The company's commitment to transparency is evident in its prompt disclosure of these changes to the stock exchanges, in line with regulatory requirements. As Eastern Treads Limited embarks on this new phase of leadership, stakeholders will be keenly watching how these changes translate into business performance and shareholder value creation.
Historical Stock Returns for Eastern Treads
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.72% | -4.70% | -1.38% | -17.56% | -28.47% | -16.90% |
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