Sanco Trans Limited Reappoints Executive Chairman and Internal Auditors
Sanco Trans Limited's board meeting on February 13, 2026, resulted in the reappointment of Mr. V. Upendran as Executive Chairman for three years from April 2026, subject to shareholder approval. The 80-year-old leader has been with the company since 1986 and brings extensive industry experience. The board also renewed M/s. Sudarsanam and Associates as internal auditors for FY2026-27, continuing their three-decade relationship with the audit firm.
*this image is generated using AI for illustrative purposes only.
Sanco Trans Limited announced key leadership and audit appointments following its Board of Directors meeting held on February 13, 2026. The board made strategic decisions regarding the company's executive leadership and internal audit functions for the upcoming period.
Executive Chairman Reappointment
The board reappointed Mr. V. Upendran as Executive Chairman for a three-year term effective April 01, 2026. This decision was made based on the recommendation of the Nomination and Remuneration Committee and remains subject to shareholder approval through a special resolution.
| Parameter: | Details |
|---|---|
| Name: | Mr. V. Upendran |
| Position: | Executive Chairman |
| Term Duration: | Three consecutive years |
| Effective Date: | April 01, 2026 |
| Approval Required: | Shareholder special resolution |
| Age: | 80 years |
| Educational Background: | Graduate in Science from University of Madras |
Leadership Experience
Mr. Upendran brings extensive experience to his continued role, having served as Managing Director since January 01, 1986. His leadership spans nearly four decades, during which he has guided the company's operations and strategic direction.
His professional credentials include significant positions across various industry bodies:
- Important positions in various Chambers of Commerce
- Trustee in Chennai Port Trust
- President of The Chennai Customs House Agents' Association
- President in National Association of Container Freight Stations
The appointment disclosure indicates his relationship with Mr. U. Udayabhaskar Reddy, who serves as Whole Time Director of the company.
Internal Auditor Appointment
The board also reappointed M/s. Sudarsanam and Associates as Internal Auditors for the financial year 2026-2027, following the Audit Committee's recommendation.
| Parameter: | Details |
|---|---|
| Firm Name: | M/s. Sudarsanam and Associates |
| Position: | Internal Auditors |
| Term: | Financial Year 2026-2027 |
| Establishment Year: | 1989 |
| Experience: | More than three decades |
| Current Portfolio: | Various Fintech Companies and Listed Companies |
Audit Expertise
M/s. Sudarsanam and Associates, established in 1989, brings over three decades of audit experience to Sanco Trans Limited. The firm currently handles internal audit functions for various fintech companies and other listed entities, demonstrating their expertise in regulatory compliance and financial oversight.
Meeting Details
The Board meeting commenced at 05.30 PM and concluded at 07.55 PM on February 13, 2026. The company communicated these decisions to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with disclosure requirements.
These appointments reflect the company's commitment to maintaining experienced leadership and robust internal audit mechanisms as it continues its operations in the logistics and transportation sector.
Historical Stock Returns for Sanco Trans
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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