Coromandel International Limited has issued a notice of postal ballot to seek shareholder approval for the re-appointment of Mr. Sudarshan Venu (DIN: 03601690) as an Independent Director of the Company for a second term of five consecutive years, effective from February 3, 2027 to February 2, 2032.

Key Dates and Procedural Details

  • Date of notice: November 6, 2026 (Friday)
  • Cut-off date for Benpos: November 6, 2026 (Friday)
  • E-voting start date and time: November 12, 2026 (Thursday) from 09:00 AM IST
  • E-voting end date and time: December 11, 2026 (Friday) till 05:00 PM IST
  • Results declaration: On or before Tuesday, December 15, 2026
  • Scrutinizer: M/s. R. Sridharan & Associates, Company Secretaries (FCS: 4775 and COP: 3239), Chennai
  • E-voting service provider: National Securities Depository Limited (NSDL)

Resolution Details

The company is seeking approval through a special resolution for the re-appointment of Mr. Sudarshan Venu as Non-Executive and Independent Director. The resolution was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors at their meeting held on November 6, 2026.

Director Qualifications and Background

Mr. Sudarshan Venu (Age: 37 years, DIN: 03601690) holds a Graduate Degree with Honors in the Jerome Fisher Program in Management and Technology from the University of Pennsylvania, USA. He also completed a M.Sc. in International Technology Management from the Warwick Manufacturing Group attached to University of Warwick in U.K., with a B.S. in Mechanical Engineering and B.S. in Economics.

Professional Experience

Mr. Venu is Chairman of TVS Motor Company and Managing Director of TVS Holdings Ltd. He is also Chairman of TVS Credit Services Limited. He has been instrumental in TVS Motor's global expansion across Africa, Asia, and Latin America, and spearheaded acquisitions including Norton Motorcycles.

Current Directorships

  • TVS Holdings Limited (Director)
  • TVS Motor Company Limited (Chairman and Managing Director)
  • TVS Credit Services Limited (Chairman)
  • Galaxy Health Insurance Company Limited (Director)
  • S. Venu Trustee Private Limited (Director)
  • Cheema Educational Foundation (Director)
  • Veeyes Charities Foundation (Director)
  • Jupiter Cultural and Heritage Foundation (Director)
  • TVS Cheema Scholarship Foundation (Director)
  • VS Trustee Private Limited (Director)

Remuneration Details

Mr. Venu is entitled to receive remuneration by way of sitting fees and reimbursement of expenses for participation in board/committee meetings, and profit-related commission within permissible limits under Section 197 of the Companies Act, 2013. His current shareholding in Coromandel International Limited is nil.

Voting Process

The postal ballot notice is being sent only through electronic mode to members whose email addresses are registered. The company has engaged NSDL for providing remote e-voting facility. The resolution will be deemed passed on December 11, 2026 if approved by requisite majority.

Inspection Availability

All documents referred to in the statement will be available for inspection at the registered office of the Company during business hours until December 11, 2026. The draft letter of appointment of Independent Director is available for electronic inspection upon request.