Smiths & Founders (India) Limited Appoints Arkalgud Suryanarayana Sundar as Additional Independent Director

Smiths & Founders (India) Limited , a Bengaluru-based company, has announced the appointment of Mr. Arkalgud Suryanarayana Sundar as an Additional Non-Executive Independent Director. This strategic move, approved by the company's Board of Directors, aims to bring valuable banking expertise to the organization.

Appointment Details

The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Sundar for a five-year term from July 31, 2025, to July 30, 2030. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

New Role and Responsibilities

In addition to his role as an Independent Director, Mr. Sundar will serve as a member of the Audit Committee, effective July 31, 2025. This appointment is expected to strengthen the company's financial oversight and governance structure.

Professional Background

Mr. Arkalgud Suryanarayana Sundar brings over three and a half decades of banking experience to Smiths & Founders (India) Limited. His career highlights include:

• Experience with Syndicate Bank and State Bank Group
• Served as Chief Vigilance Manager at Kaveri Grameena Bank, Mysore before retirement

Educational Qualifications

Mr. Sundar holds a BSc degree and is a Certified Associate of the Indian Institute of Bankers (CAIIB), demonstrating his strong academic background in finance and banking.

Additional Information

The company has confirmed that Mr. Sundar is not related to any existing Director of Smiths & Founders (India) Limited. Furthermore, he is not debarred from holding the position of Director by the Securities and Exchange Board of India (SEBI) or any other authority.

Smiths & Founders (India) Limited expects that Mr. Sundar's extensive banking experience will significantly benefit the company as it moves forward with its business objectives.