Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Kaynes Technology India Limited
Proposed Resolutions and Implications
The notice contains two special resolutions for shareholder approval:
1. Appointment of Mr. Rajesh Balkrishna Mittal (DIN: 08483698) as a Non-Executive Independent Director for a period of 5 consecutive years from May 13, 2026 to May 12, 2031. Mr. Mittal is described as a highly experienced automotive leader with over 41 years in the commercial vehicle industry, currently President & Managing Director of ISUZU Motors India and President of IEBCI.
2. Appointment of Dr. Mylswamy Annadurai (DIN: 07182202) as a Non-Executive Independent Director for a period of 5 consecutive years from May 13, 2026 to May 12, 2031. Dr. Annadurai is a former ISRO Scientist and Director of the ISRO Satellite Centre, popularly known as the "Moon Man of India" for leading Chandrayaan-1 and Chandrayaan-2 missions.
Both directors were initially appointed as Additional Directors in the capacity of Independent Directors with effect from May 13, 2026, based on the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors. The company confirms that both individuals meet the criteria for independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of SEBI Listing Regulations.
Voting Process and Methods
The voting is being conducted through a postal ballot process restricted only to e-voting (electronic means). The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facilities.
Key Voting Details:
- Cut-off date for determining eligibility: Friday, July 03, 2026
- E-voting commencement: Thursday, July 09, 2026 at 09:00 A.M. (IST)
- E-voting conclusion: Friday, August 07, 2026 at 05:00 P.M. (IST)
- The e-voting module will be disabled by CDSL after the voting period ends
- The notice is being sent electronically only to members whose email addresses are registered as of the cut-off date
Scrutinizer Appointment and Role
The Board of Directors authorized Dr. Muthukumar Narayanaswamy (Managing Director, DIN: 06708535) to appoint Mrs. Kalaivani S (ACS: 57112 and COP No.: 22158), a Practicing Company Secretary, as the Scrutinizer for conducting the postal ballot process in a fair and transparent manner. The Scrutinizer will submit her report to the Chairperson of the company, and the results will be announced not later than 2 working days after the conclusion of e-voting.
Compliance with Laws and Regulations
The postal ballot process is being conducted in compliance with:
- Sections 108 and 110 of the Companies Act, 2013
- Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA General Circular Nos. 14/2020, 17/2020, and subsequent circulars including 03/2025 dated September 22, 2025
- Secretarial Standard on General Meetings (SS-2) issued by ICSI
Results Declaration and Communication
The results of the voting along with the Scrutinizer's Report will be:
- Intimated to BSE Limited and National Stock Exchange of India Limited
- Uploaded on the company's website (www.kaynestechnology.co.in)
- Uploaded on CDSL's website (www.evotingindia.com)
- Displayed at the registered office of the company
The resolutions, if approved, shall be deemed to have been passed on the last date of e-voting i.e., Friday, August 07, 2026.
Additional Information
The postal ballot notice is available on the company's website (www.kaynestechnology.co.in) and CDSL website (www.evotingindia.com). Members can inspect material documents referred to in the Explanatory Statement through electronic mode until the last date of e-voting by sending requests to kaynestechcs@kaynestechnology.net.
Both proposed directors hold no shares in the company as of the date of the notice, and none of the other Directors and Key Managerial Personnel of the company have any interest in these resolutions.