Sakthi Finance Limited Appoints Sri S Rajendran as Head of Internal Audit
Sakthi Finance Limited has appointed Sri S Rajendran as Head of Internal Audit for a three-year term effective April 1, 2026, following Board approval based on recommendations from the Nomination and Remuneration Committee and Audit Committee. Sri S Rajendran, who holds a Post Graduate Degree in Mathematics from Bharathiyar University and has over 30 years of operational experience, currently serves as Deputy General Manager (Management Services) at the company.
*this image is generated using AI for illustrative purposes only.
Sakthi Finance Limited has announced the appointment of Sri S Rajendran as Head of Internal Audit (HIA) for a three-year term, marking a key leadership transition in the company's internal audit function. The appointment was formally approved during a Board of Directors meeting held on March 10, 2026.
Board Approval and Regulatory Compliance
The Board of Directors approved the appointment based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee. These committees held their respective meetings on March 9, 2026, and March 10, 2026, before presenting their recommendations to the Board. The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
| Meeting Details: | Information |
|---|---|
| Board Meeting Date: | March 10, 2026 |
| Meeting Duration: | 12:30 p.m. to 2:30 p.m. |
| Nomination Committee Meeting: | March 9, 2026 |
| Audit Committee Meeting: | March 10, 2026 |
| Effective Date: | April 1, 2026 |
Appointment Details and Terms
Sri S Rajendran will assume the role of Head of Internal Audit for a period of three years with effect from April 1, 2026. As HIA, he will be designated as one of the Senior Management Personnel of the company, reflecting the strategic importance of the internal audit function.
| Appointment Parameters: | Details |
|---|---|
| Position: | Head of Internal Audit |
| Term Duration: | Three years |
| Start Date: | April 1, 2026 |
| Management Level: | Senior Management Personnel |
| Predecessor: | Sri K Guruprasad |
Professional Background and Qualifications
Sri S Rajendran brings substantial experience to the role, currently serving as Deputy General Manager (Management Services) at Sakthi Finance Limited. His educational background includes a Post Graduate Degree in Mathematics from Bharathiyar University, providing him with strong analytical and quantitative skills essential for internal audit functions.
| Professional Profile: | Details |
|---|---|
| Current Position: | Deputy General Manager (Management Services) |
| Education: | Post Graduate Degree in Mathematics |
| University: | Bharathiyar University |
| Experience: | More than 30 years in various operational capacities |
| Director Relationships: | Not related to any Directors of the Company |
Transition from Previous Appointee
The appointment represents a planned succession as Sri K Guruprasad's term as Head of Internal Audit concludes on March 31, 2026. Sri K Guruprasad was appointed for a one-year term that began on April 1, 2025, and his tenure will be completed just before Sri S Rajendran assumes the role.
Regulatory Disclosure and Documentation
The company has fulfilled all disclosure requirements under Regulations 30 and 51, along with Schedule III provisions of the Listing Regulations and SEBI Master Circular guidelines updated on January 30, 2026. The intimation has been uploaded on the company's website and is accessible through their investor information section at sakthifinance.com/investor-information/. The formal communication was submitted to BSE Limited under scrip code 511066.
Historical Stock Returns for Sakthi Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.05% | -6.63% | -29.07% | -51.55% | -54.53% | +35.14% |
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