Sundaram Finance board appoints Srivats Ram as Additional Director

Sundaram Finance Ltd has informed that, based on the recommendation of the Nomination, Compensation and Remuneration Committee, the Board of Directors has, at the meeting held on Monday, co-opted Srivats Ram, Promoter, as an Additional Director to function as Non-Executive Non-Independent Director on the Board, liable to retire by rotation.

Srivats Ram has more than 25 years of experience in the automotive industry. Also, he is the Managing Director of Wheels India Limited.

The director holds a Bachelor's Degree in Economics from the University of Madras and Master's Degree in Business Administration from Case Western Reserve University, USA.

At around 9:21 AM, Sundaram Finance was trading at Rs1,879.05 apiece down by Rs12.05 or 0.64% on the BSE.