Sakthi Sugars Limited announced that the board of directors of the company at its meeting held on June 12, 2018 approved the following management changes. Sri M. Balasubramaniam, Managing Director, has not opted for reappointment on expiry of his present tenure of office on 27th June 2018. The meeting approved resignation of Sri M. Srinivaasan from the office of Joint Managing Director of the Company effective from 12th June 2018.

The meeting approved appointment of Dr. M. Manickam, Executive Chairman, as Chairman & Managing Director of the Company effective from 12th June 2018. Dr. M. Manickam has been the Executive Chairman of the Company and was the Managing Director from April 1990 till June 2013. He is past President of ISMA and SISMA.

He is also the Chairman and Managing Director of Sakthi Auto Component Limited, Associate Company.