Sundaram brake linings Limited has announced the appointment of Mr. Hari S as Chief Financial Officer and Key Managerial Person, effective March 9, 2026. The appointment was formalized during a board meeting held on March 9, 2026, following recommendations from the Nomination and Remuneration Committee and Audit Committee.

Board Approval and Regulatory Compliance

The Board of Directors approved the appointment during their meeting that commenced at 11.55 A.M. and concluded at 12.20 P.M. on March 9, 2026. The appointment has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Industry Standards.

Professional Background and Expertise

Mr. Hari S is a Fellow Chartered Accountant (FCA) with over 30 years of experience in Finance & Accounts, Banking, Taxation, Project Finance, and Corporate Financial Management. His extensive professional background includes leadership roles across various sectors and organizations.

He previously served as GM (F&A) at New Tirupur Area Development Corporation Limited (NTADCL), a Government of Tamil Nadu promoted infrastructure SPV, where he discharged the functions of CFO and Key Managerial Personnel. During his tenure at NTADCL, the company achieved sustained profitability and successfully pre-closed consortium term loans ahead of schedule.

Previous Experience and Achievements

Mr. Hari S has also served as Chief Finance Manager at ITI Limited, a listed PSU, where he managed banking exposure and handled corporate finance, taxation, budgeting, and consortium banking operations. His career includes leadership roles in corporate finance, internal audit, and strategic consulting across large infrastructure and manufacturing organizations.

His core competencies include:

• Financial restructuring and turnaround management
• Fund raising and consortium banking
• Statutory compliance and taxation
• Board-level financial reporting
• Corporate Debt Restructuring (CDR) matters
• Multi-bank consortium arrangements

Updated Authorization Framework

Following the appointment, Sundaram Brake Linings Limited has updated its list of authorized personnel for determining materiality of events under Regulation 30(5) of the SEBI Listing Regulations, effective March 9, 2026.

Strategic Leadership Capabilities

Mr. Hari S brings demonstrated leadership capabilities, having managed large finance teams and presented financial proposals and policy matters before Boards and Audit Committees. His experience spans both listed entities and large infrastructure projects, providing strategic financial oversight and governance expertise that will benefit the company's continued growth and compliance requirements.

Sundaram Brake Linings Limited has announced the resignation of its Chief Financial Officer, Mr. V. Srinivasan, effective February 9, 2026. The company issued a corrected intimation to stock exchanges after initially reporting an incorrect effective date.

Resignation Details

The resignation announcement came through a formal communication to both the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company had to issue a correction after inadvertently mentioning the effective date as February 6, 2026, instead of the correct date of February 9, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, as amended. The company followed SEBI Master Circular no SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, relating to appointment and cessation of key managerial personnel.

Reason for Departure

According to the formal resignation letter submitted by Mr. Srinivasan, he has chosen to pursue an opportunity that aligns with his long-term professional growth and career advancement. In his resignation letter addressed to the Managing Director, he expressed gratitude for the trust, support, and opportunities extended during his tenure at the company.

Transition Process

Mr. Srinivasan has committed to ensuring a smooth and seamless transition of responsibilities. He indicated his willingness to extend full cooperation in handing over all duties and financial matters to facilitate continuity in the company's financial operations.

Company Background

Sundaram Brake Linings Limited, based in Padi, Chennai, is a manufacturer of TVS brake linings and clutch facings. The company operates under CIN L34300TN1974PLC006703 and trades on stock exchanges with scrip codes SUNDRMBAK on NSE and 590072 on BSE.