M. Karunakaran Appointed as Additional Independent Director at Chennai Meenakshi Multispeciality Hospital; Committees Reconstituted
Chennai Meenakshi Multispeciality Hospital Ltd. has approved the appointment of Mr. M. Karunakaran as an Additional Non-Executive Independent Director. This appointment, decided during a Board meeting held on August 7, 2026, led to the reconstitution of key committees within the organization.The Board’s decision was made based on the recommendation of the Nomination and Remuneration Committee. Mr. M. Karunakaran has been appointed for a term of five consecutive years, effective from August 7, 2026. His appointment is subject to approval by the shareholders at the ensuing Annual General Meeting.
Mr. Karunakaran brings extensive experience in banking, financial management, regulatory compliance, risk assessment, and credit administration, having previously served as a Chief Manager at Indian Overseas Bank. Following his retirement from banking, he enrolled with the Madras Bar Association and is currently practicing as an Advocate before the High Court of Judicature at Madras. The company confirmed that Mr. Karunakaran has no relationship with any existing Director or Key Managerial Personnel (KMP).
Committee Restructuring
Consequent to the appointment of Mr. M. Karunakaran, the Board of Directors approved the reconstitution of three critical committees: the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee. These changes are effective from August 7, 2026.The composition of these key board committees is detailed below:
Audit Committee Composition
| Name of Director | Category | Role |
|---|---|---|
| Mr. M. Karunakaran | Independent - Non Executive Director | Chairman |
| Mrs. Shama Dhilip | Independent - Non Executive Director | Member |
| Mrs. Jayanthi Radhakrishnan | Executive Director | Member |
Nomination and Remuneration Committee Composition
| Name of Director | Category | Role |
|---|---|---|
| Mrs. Shama Dhilip | Independent - Non Executive Director | Chairman |
| Mr. M. Karunakaran | Independent - Non Executive Director | Member |
| Mr. Akash Prabhakar | Non-Executive Director | Member |
Stakeholders Relationship Committee Composition
| Name of Director | Category | Role |
|---|---|---|
| Mr. M. Karunakaran | Independent - Non Executive Director | Chairman |
| Mrs. Shama Dhilip | Independent - Non Executive Director | Member |
| Mr. Edward Prabhakar | Non-Executive Director | Member |
Stock Price Movement
As of 14:28, Chennai Meenakshi Multispeciality Hospital Ltd. is ticking up, trading at ₹39.00 after gaining 4.61%. Shares moved throughout the session, ranging between an intraday low of ₹37.28 and a high of ₹39.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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