Murugappa board a men’s club, alleges Valli Arunachalam
At the AGM, 91% shareholders vote against inducting a woman in Murugappa Group board
Valli, her sister Vellachi Murugappan and their mother M.V. Valli Murugappan, collectively hold 8.15% stake in Ambadi Investments, the group’s holding company
New Delhi/Bengaluru: A family battle may be brewing at the 120-year-old Murugappa Group with Valli Arunachalam, the daughter of the conglomerate’s executive chairman late MV Murugappan, taking on the male members on the board of Ambadi Investments Limited (AIL), the group’s holding company. Arunachalam on Tuesday said she was ready to take the battle to courts after her bid for a seat on the male-only board of AIL was rejected by other family members at the company’s annual general meeting a day earlier.