The 72-hour U-turn: Inside the boardroom drama at Sundaram Clayton | Company Business News

On Friday, the board of the TVS Group firm had accepted the resignation of company secretary P.D. Dev Kishan, citing “personal reasons.” However, the board rescinded the decision on Monday, at a hastily convened meeting scheduled with a notice sent out on Sunday night. Srinivasan, 73, also took over as Sundaram Clayton chair from retired bureaucrat R Gopalan, raising questions about decision-making at the company, part of the South Indian business conglomerate.