E.I.D. Parry Initiates Shareholder Vote for Director Krishnakumar's Second Term

E.I.D. - Parry (India) Limited has begun a postal ballot process to ask shareholders for approval to re-appoint Mr. T Krishnakumar as an Independent Director. His second five-year term would begin on May 6, 2026, and run until May 5, 2031.

Board Recommends Re-appointment

The company's Board of Directors has recommended approving this special resolution. They highlighted Mr. Krishnakumar's extensive experience and valuable contributions to the company as reasons for their support.

Shareholder Voting Process

Shareholders will cast their votes remotely through an e-voting system. The voting period opened on March 21, 2026, and will close on April 19, 2026. The results of the vote are expected by April 21, 2026.

Ensuring Leadership Continuity

This re-appointment aims to ensure continuity in experienced leadership at the board level. It allows the company to continue benefiting from Mr. Krishnakumar's accumulated knowledge and strategic insights for another term. Independent directors are vital for corporate governance, providing checks and balances to ensure the board acts in the best interest of all stakeholders.

Director's Background and Previous Tenure

Mr. T. Krishnakumar first joined the E.I.D. - Parry (India) Limited board as an Independent Director on May 6, 2021. His current term concludes on May 5, 2026. He brings over four decades of diverse experience in areas such as corporate strategy, general management, marketing, sales, distribution, supply chain, team building, and governance, gained from working with leading companies globally.

Governance and Peer Practices

E.I.D. Parry, part of the Murugappa Group, maintains a strong corporate governance framework. The company's approach to retaining experienced directors for extended tenures is a common practice among reputable large Indian companies. Peers in the sugar sector, such as Balrampur Chini Mills Ltd. and Dwarikesh Sugar Industries Ltd., also follow similar strategies to ensure strong governance and strategic continuity. No significant governance issues related to this re-appointment have been identified.

Key Dates

• Mr. T. Krishnakumar's current directorship term: May 6, 2021 – May 5, 2026
• Proposed second directorship term: May 6, 2026 – May 5, 2031
• E-voting period: March 21, 2026 – April 19, 2026
• Voting results expected: April 21, 2026

Next Steps

Shareholders' votes will determine the outcome of Mr. Krishnakumar's re-appointment. The company will formally announce the results following the e-voting period. If approved, his second term will formally commence on May 6, 2026.