Veejay Lakshmi Engineering Works Limited announced the passing of its Non-Executive Chairman, Sri V.J. Jayaraman, on October 17, 2025. The company reported that Jayaraman, aged 83, succumbed to age-related ailments.

Company Leadership

Sri V.J. Jayaraman held a significant position in the company's leadership structure. His passing has resulted in a change in the company's directorate. Jayaraman was related to two other key figures in the company:

Company Details

Veejay Lakshmi Engineering Works Limited is a publicly traded company on the Bombay Stock Exchange (BSE). Here are some key details about the company:

Company Products

Veejay Lakshmi Engineering Works is known for manufacturing various types of machinery. Their product line includes:

• Two For One Twisters
• Rewinding Machines
• Precision Assembly Winders

The passing of Sri V.J. Jayaraman marks a significant change in the company's leadership structure. As the Non-Executive Chairman, Jayaraman played a crucial role in the company's governance. The board and management of Veejay Lakshmi Engineering Works Limited may address the succession plan for this important position in due course.

Investors and stakeholders will likely be watching closely to see how this change in directorate might impact the company's strategic direction and governance in the coming months.

Veejay Lakshmi Engineering Works Limited , a prominent engineering company, has announced a significant change in its top management. The company has appointed Smt R Padmavathi as its new Chief Financial Officer (CFO) and Key Managerial Person, effective September 19, 2025.

Board Approval and Committees' Recommendations

The appointment of R Padmavathi was approved by the company's Board of Directors on September 17, 2025. This decision came after careful consideration and recommendations from both the Nomination and Remuneration Committee and the Audit Committee. The committees convened on the same day to review Padmavathi's qualifications and experience before recommending her for the position.

Filling the Vacancy

Padmavathi's appointment fills the vacancy created by the resignation of the previous CFO, Sri D Ranganathan, who stepped down from his position on June 23, 2025. As per SEBI (LODR) Regulations, 2015, the company was required to fill this vacancy within three months from the date of creation.

R Padmavathi's Profile

R Padmavathi brings a wealth of experience to her new role:

• Qualification: B.Com degree in Finance
• Experience: Over 30 years in financial accounting, auditing, and taxation
• Company Tenure: More than 20 years with Veejay Lakshmi Engineering Works Limited
• Previous Role: Served in the accounts and finance department for over 10 years in a managerial position

Her extensive experience includes handling statutory and internal audits, ensuring compliance with GST, TDS, and income tax provisions, as well as managing periodical financial reporting and other related activities.

Key Points of the Appointment

• Padmavathi is not related to any directors or other executives of the company, ensuring independence in her role.
• Her appointment is in line with Section 203 of the Companies Act, 2013, and Regulations 18(3) and 26A of SEBI (LODR) Regulations, 2015.
• She will be responsible for performing duties required of a Chief Financial Officer under the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and other applicable statutes.

Company's Perspective

The management of Veejay Lakshmi Engineering Works Limited considered the suitability of existing personnel within the company before proposing Padmavathi for the CFO position. Her elevation to this role demonstrates the company's commitment to recognizing and promoting internal talent.

This strategic appointment is expected to bring continuity and depth of company-specific knowledge to the financial leadership of Veejay Lakshmi Engineering Works Limited, potentially contributing to its future growth and financial stability.