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Sakthi Finance has announced the sudden demise of its Independent Director, Sri M Bhaskar, who also chaired multiple key committees including Audit, CSR, and IT Security. His passing is a significant loss to the company’s governance and leadership. He ceased to hold all committee positions effective immediately. This development may impact the board’s oversight functions until suitable replacements are appointed, making it important for shareholders to monitor upcoming board changes and continuity in committee leadership.