Sundaram Finance Holdings Limited — Others, 16-05-2025: Shareholders meeting

Sundaram Finance Holdings Limited has announced a board meeting following shareholder approval via postal ballot to pledge up to 1.60 Cr equity shares of Axles India Limited, valued at Rs. 476.12 Cr. This pledge will serve as security for debt planned by its wholly owned subsidiary, Forge 2000 Private Limited. The Board is authorized to execute agreements and manage the pledge, supporting the subsidiary’s financing plans and reflecting strong shareholder backing with over 99.96% votes in favor.