In a formal update to the market, Sundaram Clayton Limited confirmed that Mr P Kaniappan has tendered his resignation as a Non-Executive Independent Director of the company, effective today, 13 October 2026. The notice also states that he ceases to be the Chairperson of the Stakeholders’ Relationship Committee and will no longer be a member of the Nomination and Remuneration Committee.
The company’s filing notes that the resignation was to pursue other interests and that there are no other material reasons behind the move beyond what is stated in the resignation letter. The communication also includes an Annexure outlining the terms of the change in board composition as required under applicable Listing Regulations, with the resignation letter dated 13 October 2026.
Board watchers will be watching closely for the next steps as Sundaram Clayton navigates maintaining independence and governance standards. The management team is expected to initiate discussions to fill the vacancy and ensure continued oversight and robust committee governance as the company advances its strategic agenda.