Sundaram Finance Holdings Limited — Others, 16-12-2024: Shareholders meeting

Sundaram Finance Holdings Limited has appointed T.K. Bhaskar as Scrutinizer for the postal ballot conducted via e-voting, which began on November 16 and concluded on December 15, 2024. The board effectively obtained member approval for a material related party transaction—disinvesting its entire stake in Delphi-TVS Technologies Limited for ₹40 crore to Cheema TVS Industrial Ventures. Out of 28,791,491 shares, 27,051,505 votes (93.96%) favored the resolution. This approval enhances the company’s strategic positioning while potentially boosting investor confidence through effective asset management.