Chennai-headquartered Sundaram-Clayton Limited has announced a leadership transition, with its Board noting and approving the resignation of Mr. Vivek S Joshi as Director and Chief Executive Officer. The development was cleared at the Board meeting held on February 26, 2026.
Vivek S Joshi Resigns as Director & CEO
According to the company’s regulatory filing under Regulation 30 of the SEBI Listing Regulations, Mr. Vivek S Joshi (DIN: 09522758) has resigned from the position of Director, Chief Executive Officer and Key Managerial Personnel, effective March 31, 2026.
The resignation has been cited as being due to personal reasons. Mr. Joshi has confirmed that there are no other material reasons for stepping down apart from those mentioned in his resignation letter. Following his resignation, he will also cease to be a member of the Risk Management Committee with effect from March 31, 2026.
The Board meeting commenced at 11:15 a.m. IST and concluded at 11:45 a.m. IST.
R Venkatesh Appointed as New Director & CEO
The Board has approved the appointment of Mr. R Venkatesh (DIN: 11569393) as an Additional Director, designated as Director and Chief Executive Officer, effective April 1, 2026. He will also be classified as a Key Managerial Personnel of the company.
The appointment has been made based on the recommendation of the Nomination and Remuneration Committee. Mr. Venkatesh has been appointed for a term of five years starting April 1, 2026.
As per the disclosure requirements under the SEBI Master Circular dated January 30, 2026, the company has confirmed that Mr. R Venkatesh is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.