Majority of the stakeholder approved the reappointment of Srinivasan as CMD of the company for a further period of five years from April 24, 2020, TVS Motor Company said in a filing to BSE.
The approval of the shareholders was sought by way of special resolution through a postal ballot.
Shares of the company were trading at Rs 366.80 apiece, 1.63 per cent higher than the previous close on BSE. SID SID ANSANS