MM Rubber Company Limited, a prominent player in the rubber industry, has announced significant changes to its board and audit structure during its 59th Annual General Meeting (AGM) held on September 25. The company has appointed two new Non-Executive Independent Directors and a new Secretarial Auditor, subject to shareholder approval.

New Independent Directors

The company has appointed Mr. Rohan Kuriyan and Mrs. Roshin Varghese as Non-Executive Independent Directors for a five-year term, from August 6 to August 5.

Mr. Rohan Kuriyan

• Current role: Manager – Corporate Affairs at Balanoor Plantations & Industries Ltd.
• Experience: 15 years in management
• Previous role: Tax consultant at Ernst & Young, specializing in International Taxation and advisory

Mrs. Roshin Varghese

• Background: Seasoned journalist and corporate executive
• Journalism experience: Worked for various newspapers including Sunday Mail, Indian Express, and The Australian (1986-2010)
• Recent corporate roles: CEO & MD at Devon Plantations & Industries Limited and Gmart Limited (2016-2023)

New Secretarial Auditor

MM Rubber Company has appointed Ms. Sharvari Sham Kulkarni of Sharvari Kulkarni and Associates as the company's Secretarial Auditor.

• Qualification: Associate Member of the Institute of Company Secretaries of India
• Experience: 9 years
• Appointment term: Five consecutive years, from FY 2025-26 to FY 2029-30

59th Annual General Meeting Highlights

The appointments were announced during the company's 59th AGM, conducted through video conferencing. Key points from the meeting include:

• Chairman: Mr. Kandathil Ashok Kuriyan, Independent Director & Chairman, presided over the meeting
• Operational highlights: Presented by Mr. Roy Mammen, Managing Director, for the Financial Year 2024-25
• Shareholder participation: Opportunity provided for questions and views
• Business items addressed: Ordinary and special business, including adoption of audited financial statements and re-appointment of Mr. Jacob Mammen as a director
• Meeting duration: Commenced at 11:00 AM and concluded at 11:32 AM
• Voting: Electronic voting facilitated for shareholders on proposed resolutions

These strategic appointments and the successful conclusion of the AGM demonstrate MM Rubber Company's commitment to strengthening its corporate governance and ensuring diverse expertise on its board. The new additions are expected to contribute significantly to the company's growth and strategic direction in the coming years.

MM Rubber Company Limited has submitted a revised outcome of their board meeting held on August 6, addressing an inadvertent omission regarding the completion of tenure for Independent Directors. The company has made several key decisions and appointments during this meeting.

Financial Results and Annual General Meeting

The board approved the unaudited financial results for the quarter ended June 30, along with the limited review report from the auditors. The company has scheduled its Annual General Meeting (AGM) for September 25, at 11:00 AM. To ensure a smooth voting process, Ms. Sharvari Sham Kulkarni, a Practising Company Secretary, has been appointed as the scrutinizer for the e-voting process during the AGM.

Director Reappointment and New Appointments

Mr. Jacob Mammen, who was retiring by rotation, has been approved for reappointment as a director of the company. Additionally, the board has made two significant appointments to strengthen its leadership:

1. Mr. Rohan Kuriyan: Appointed as an additional director in the capacity of non-executive Independent Director. Mr. Kuriyan brings 15 years of experience to the role, currently serving as Manager – Corporate Affairs at Balanoor Plantations & Industries Ltd. His background includes previous work at Ernst & Young as a tax consultant specializing in International Taxation and advisory.

2. Mrs. Roshin Varghese: Also appointed as an additional director in the capacity of non-executive Independent Director. Mrs. Varghese has a diverse background, having worked as a journalist for various publications including SUNDAY MAIL, INDIAN EXPRESS, and THE AUSTRALIAN from 1986 to 2010. More recently, she served as CEO & MD at Devon Plantations & Industries Limited and Gmart Limited from 2016 to 2023.

Completion of Tenure for Existing Independent Directors

The revised outcome also included the approval of the completion of tenure for existing Independent Directors, a point that was initially omitted from the original filing.

Board Meeting Details

The board meeting commenced at 11:30 AM and concluded at 02:30 PM on August 6. The company has emphasized that these appointments and decisions are subject to necessary approvals.

MM Rubber Company Limited's proactive approach in revising the board meeting outcome demonstrates its commitment to transparency and compliance with regulatory requirements. The new appointments and reappointments indicate the company's focus on strengthening its leadership team with experienced professionals from diverse backgrounds.