Meeting Details

The voting was conducted via a postal ballot through an e-voting process. There was no physical meeting. The voting period was from May 14, 2026, at 9:00 a.m. (IST) to June 12, 2026, at 5:00 p.m. (IST). The results were declared on Friday, June 12, 2026, at 6:30 p.m.

Proposed Resolution and Implications

The single special resolution sought approval for:

  • The creation of a pledge by subsidiary TCL Global BV, Netherlands, on 100% of its holdings in TCL Inc., USA.
  • The creation of a pledge by step-down subsidiary TCL Inc., USA, on 100% of its holdings in TCL Specialties LLC.
  • The creation of security over the assets of TCL Specialties LLC.

This collateral is to secure loan facilities of up to USD 140,000,000 (United States Dollars One Hundred Forty Million) to be availed by TCL Specialties LLC, a double step-down subsidiary of the company.

Voting Process and Methods

The voting was conducted entirely through a remote e-voting process managed by Central Depository Services (India) Limited (CDSL). The cut-off date for determining shareholder eligibility was May 08, 2026. The appointed scrutinizer was Mr. Manoj Mimani of M/s. R.M. Mimani & Associates LLP, Practicing Company Secretaries.

Key Voting Outcomes

  • Total Valid Votes Cast: 59,049,740
  • Votes in Favor (Assent): 58,910,806 (99.76% of valid votes)
  • Votes Against (Dissent): 138,934 (0.24% of valid votes)

The resolution was passed with the requisite majority. The document does not provide a breakdown of votes by shareholder category (e.g., Promoters, Public, Institutions).

Scrutinizer's Role and Findings

Mr. Manoj Mimani was appointed scrutinizer on May 12, 2026. His responsibilities included ensuring a fair and transparent voting process and issuing a report on the votes cast. He certified that:

  • The postal ballot notice was sent to all shareholders as of the cut-off date (May 08, 2026) on May 13, 2026.
  • The e-voting window was open from May 14, 2026, at 9:00 a.m. to June 12, 2026, at 5:00 p.m.
  • All votes cast by the deadline were considered.
  • The data was downloaded from the CDSL e-voting portal, and he confirmed the resolution passed.

He submitted his report to the company chairman on June 12, 2026.

Compliance Confirmation

The resolution and process were conducted in compliance with:

  • Section 180(1)(a) of the Companies Act, 2013
  • The Companies (Management and Administration) Rules, 2014
  • The Foreign Exchange Management Act, 1999 (FEMA)
  • Regulation 24 and other applicable provisions of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (SEBI LODR)
  • The company's Memorandum and Articles of Association

Additional Information

The company's registered office is "THIRUMALAI HOUSE", Plot No. 101-102, Road No. 29, Sion (East), Mumbai – 400 022, India. Its CIN is L24100MH1972PLC016149.

The scrip code for the National Stock Exchange of India Ltd. is TIRUMALCHM, and for BSE Limited, it is 500412.