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February 9, 2009

A next generation member of the family behind Indian conglomerate TVS Group has unexpectedly resigned.

A next generation member of the family behind Indian conglomerate TVS Group has unexpectedly resigned. Krishna Mahesh, executive director of subsidiary Sundaram Brake Linings (SBL) and son of the chairman and managing director, has also stepped down from his position on the board.

SBL made the announcement to the Bombay Stock Exchange, but has not made any other statement.

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