Sundaram Clayton reverses major decision in dramatic 72-hour boardroom shift.

Sundaram Clayton reverses major decision in dramatic 72-hour boardroom shift. The TVS Group company accepted company secretary P.D. Dev Kishan's resignation on Friday, then rescinded the decision Monday after chairman emeritus Venu Srinivasan took over leadership. The sudden reversal raises serious corporate governance questions. Srinivasan's daughter, managing director Lakshmi Venu, had previously raised concerns about reporting structures and the secretary's employment status. The board's flip-flop decision, with independent directors changing positions between meetings, highlights potential governance issues and decision-making inconsistencies that warrant investor scrutiny in this major South Indian conglomerate.