Meeting Details
This is a Postal Ballot process, not a physical meeting. The voting is conducted entirely through electronic means (remote e-voting). The cut-off date for determining shareholder eligibility to vote was Friday, June 12, 2026.
Summary of Proposed Resolutions and Implications
The notice contains four resolutions for the reappointment of directors for a second term of five years each:
Item 1: Reappointment of Mr. Reed Cundiff (DIN: 09241056)
- Type: Special Resolution
- Role: Independent Director
- Term: July 23, 2026, to July 22, 2031
- Remuneration: Entitled to sitting fees (₹1,00,000 per Board meeting, ₹50,000 per Committee meeting) and a commission not exceeding 1% of the net profits of the Company as computed u/s 198 of the Companies Act, 2013.
Item 2: Reappointment of Dr. R. Raghuttama Rao (DIN: 00146230)
- Type: Special Resolution
- Role: Independent Director
- Term: July 23, 2026, to July 22, 2031
- Remuneration: Entitled to sitting fees (₹1,00,000 per Board meeting, ₹50,000 per Committee meeting) and a commission not exceeding 1% of the net profits of the Company.
Item 3: Reappointment of Mr. A.V. Venkatraman (DIN: 01240055)
- Type: Ordinary Resolution
- Role: Whole-Time Director and Chairperson
- Term: August 05, 2026, to August 04, 2031
- Remuneration: Total compensation of ₹2,10,00,000 (₹2.1 Crore) per annum, unchanged from the previous term. This comprises a fixed pay of ₹1,20,00,000 and a performance-linked bonus of up to ₹90,00,000, subject to achievement of revenue targets.
Item 4: Reappointment of Ms. Pramadwathi Jandhyala (DIN: 00732854)
- Type: Ordinary Resolution
- Role: Whole-Time Director
- Term: August 05, 2026, to August 04, 2031
- Remuneration: Total compensation of ₹2,10,00,000 (₹2.1 Crore) per annum, unchanged from the previous term. This comprises a fixed pay of ₹1,20,00,000 and a performance-linked bonus of up to ₹90,00,000, subject to achievement of revenue targets.
Voting Process and Methods
The Company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process.
- Voting Method: Remote e-voting only. No physical polling or postal ballot forms are being sent.
- Voting Period: Begins on Saturday, June 20, 2026, at 9:00 AM IST and ends on Sunday, July 19, 2026, at 5:00 PM IST.
- Eligibility: Shareholders whose names appeared in the Register of Members/Register of Beneficial Owners as of the cut-off date (June 12, 2026).
Scrutinizer's Role
The Company has appointed Mr. P. Muthukumaran (C.P No.: 20333), or in his absence, Ms. Lakshmi S (C.P. No.: 25451), Partners of M/s. P Muthukumaran and Associates, Practicing Company Secretaries, Chennai, as the Scrutinizer. The Scrutinizer's role is to conduct the postal ballot process fairly and transparently. The Scrutinizer will submit a report to the Chairperson/Company Secretary after the e-voting period concludes.
Key Voting Outcomes and Result Declaration
The results of the postal ballot will be determined based on the e-votes cast. The results, along with the Scrutinizer's report, will be announced on or before Tuesday, July 21, 2026 (within two working days of the e-voting conclusion). The results will be submitted to the BSE Limited and the National Stock Exchange of India Limited and will also be placed on the Company's website (https://www.latentview.com/).
Compliance Statement
The notice confirms that this postal ballot process is being undertaken in compliance with:
- Section 108 and 110 of the Companies Act, 2013.
- Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014.
- Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India.
- Relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.
Additional Information
The document includes detailed explanatory statements for each resolution and an annexure (Annexure-I) with comprehensive profiles of the four directors seeking reappointment, including their qualifications, expertise, shareholding, committee positions, and other directorships.