Sterlite Technologies Board Approves Director Re-appointments and New Appointment
Sterlite Technologies Limited's board approved key director changes on January 14, 2026, including the re-appointment of Mr. B J Arun as Independent Director for a second five-year term and the appointment of Mr. S K Chidambara as new Independent Director for two years. Mr. S. Madhavan will complete his tenure as Independent Director on January 19, 2026, with the board acknowledging his contributions to the company.
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Sterlite Technologies Limited's Board of Directors has approved significant changes to its leadership structure during a meeting held on January 14, 2026. The decisions, made based on recommendations from the Nomination and Remuneration Committee, involve director re-appointments and a new appointment, all subject to shareholder approval.
Director Re-appointment and New Appointment
The board approved two key appointments that will strengthen its independent director composition:
| Position | Director | Term | Effective Period |
|---|---|---|---|
| Re-appointment | Mr. Bangalore Jayaram Arun (DIN 02497125) | Second term of 5 consecutive years | January 20, 2026 to January 19, 2031 |
| New Appointment | Mr. Sathia Jeeva Krishnan Chidambara (DIN 02179550) | First term of 2 consecutive years | January 14, 2026 to January 13, 2028 |
Mr. Arun's re-appointment comes as his first term as Independent Director expires on January 19, 2026. His second term will commence immediately thereafter, ensuring continuity in the board's operations.
Director Profiles and Expertise
Mr. Bangalore Jayaram Arun brings extensive Silicon Valley entrepreneurial experience since 1992. He holds a B.E. in Computer Science from 1986 and has founded multiple successful technology companies. His notable achievements include founding California Digital in 1992, building it into a Linux-based high performance computing leader, and co-founding Librato in 2004, scaling it to a USD 10.00 million revenue run rate before its acquisition by SolarWinds for approximately USD 50.00 million. He served as CEO of July Systems in 2014, leading an OEM-focused pivot that resulted in acquisition by Cisco in 2018.
Mr. Sathia Jeeva Krishnan Chidambara is a Chartered Accountant and former Indian Revenue Service officer with over 39 years of professional experience in accounting, audit, taxation, and finance. Currently self-employed, he advises on mergers and acquisitions, complex taxation matters, and private wealth management. His previous senior positions include roles with Maersk, Ambuja Cement, Monsanto, and EY India. He currently serves as an Independent Director on the boards of Parry Agro Industries Limited and GIC Housing Finance Limited.
Board Transition and Compliance
The board noted that Mr. S. Madhavan (DIN: 06451889) will cease to be an Independent Director with effect from close of business hours on January 19, 2026, upon completion of his tenure. The board placed on record its appreciation for his valuable contributions and guidance during his association with the company. He will also cease to be a member of various board committees effective from the same date.
Both newly appointed directors have been confirmed as not being debarred from holding director positions pursuant to any SEBI order or other authority. Neither director is related to any existing board members of the company.
Meeting Details
The board meeting commenced at 2:15 pm and concluded at 3:54 pm on January 14, 2026. The company has submitted the requisite details pursuant to Schedule III under Regulation 30 of the SEBI Listing Regulations, along with compliance to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/155 dated November 11, 2024. All appointments are subject to approval by the company's shareholders.
Historical Stock Returns for Sterlite Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.27% | -5.11% | -6.48% | -8.55% | +29.58% | -49.85% |
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