Sundaram-Clayton Limited has issued a corporate announcement regarding a significant update in its key managerial personnel. The Board of Directors, in a meeting held on March 30, 2026, decided to rescind and withdraw the previously announced relieving of Mr. PD Dev Kishan as Company Secretary and Compliance Officer. This decision follows the withdrawal of his resignation by Mr. Dev Kishan himself. Consequently, the Board has also withdrawn the appointment of Ms. M Muthulakshmi, who was scheduled to take over the role.

This recent board meeting, which concluded at 9:30 AM IST, effectively maintains the status quo of the company’s secretarial leadership. Mr. PD Dev Kishan will continue his tenure as the Company Secretary, Compliance Officer, and a Key Managerial Personnel (KMP) of the company without any break in service. This reversal nullifies the transition plan that was originally set to take effect from April 6, 2026.

Sundaram-Clayton Limited, a prominent member of the TVS Group, is a global leader in the manufacturing of aluminum die-casting components for both automotive and non-automotive sectors. In 2025, the company achieved a major milestone by commencing full-scale operations at its advanced mega die-casting facility in Thervoy Kandigai, Chennai. Furthermore, the company expanded its international footprint in 2025 by commissioning a 4400-tonne die-casting machine in the United States to better serve the North American commercial vehicle market. In a significant strategic move in early 2026, the company completed the sale of a 16.33-acre land parcel in Chennai to Canopy Living LLP for ₹533.62 crore to help reduce its debt.

For the quarter ended December 31, 2025, Sundaram-Clayton reported consolidated revenue from operations of ₹444.23 Crores. This represented a slight decrease compared to the ₹458.57 Crores reported in the previous quarter (QoQ) and a more significant decline from the ₹496.43 Crores recorded in the corresponding quarter of the previous year (YoY). Despite the revenue decline, the company reported a profit after tax of ₹20.74 Crores for the December 2025 quarter, an improvement over the ₹10.35 Crores profit in the same quarter of the prior year. Notable investors in the company include large institutional entities, with Tata Mutual Fund holding approximately 6.84% and ICICI Mutual Fund holding 2.13% as of December 2025.