The board of directors of Sundram Fasteners Limited at its meeting held on March 31, 2015, announced the retirement of Sri V G Jaganathan as Chief Financial Officer & Company Secretary from the closing hours of March 31, 2016, after a long distinguished career, spanning about 35 years in the company. His retirement has been taken on record by the Board of Directors. The company announced the appointment of Sri S Meenakshisundaram as Chief Financial Officer Pursuant to approval by the Audit Committee and recommendation by the Nomination and Remuneration Committee, Sri S Meenakshisundaram (presently holding the position in the company as President — Finance), a qualified Chartered Accountant, Company Secretary and Cost and Management Accountant, having more than 34 years' of experience in the areas of finance, accounting, taxation and legal, has been appointed as the Chief Financial Officer of the company with effect from April 4, 2016.

The company also announced the appointment of Sri R Dilip Kumar as Company Secretary pursuant to approval by the Audit Committee and recommendation by the Nomination and Remuneration Committee, Sri R Dilip Kumar (presently holding the position in the company as Vice President — Finance), a qualified Company Secretary and Chartered Accountant, having around 25 years' of experience in secretarial, legal, accounts, finance and taxation, has been appointed as the Company Secretary, with effect from April 4, 2016. The term of appointment is as per the service conditions applicable to the employees of the company. He will be the Compliance Officer for the purposes of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.