Shanthi Gears Limited at its board meeting held on May 7, 2022, approved resignation of L Ramkumar as Chairman of the Board & Non-Independent Director of the Company with immediate effect. The Board of Directors has elected M A M Arunachalam as Non-executive Chairman of the Board with immediate effect. The Board appointed L Ramkumar as an Additional Director of the Company with effect from May 7, 2022, designated as Independent Director, for a period of 4 years, subject to the approval of the Shareholders.

L Ramkumar has over 41 years of rich and varied experience in management including 28 years in Tube Investments of India Ltd.