TVS Motor Company Limited has intimated the results of a postal ballot conducted for shareholder approval of the appointment of Mr. Ravindran Shanmugam (DIN: 11700880) as a Non-Executive Independent Director.

Resolution Details

The single special resolution sought approval for "Appointment of Mr. Ravindran Shanmugam as a Non-Executive Independent Director of the Company for a period of five consecutive years effective 13th May 2026."

Voting Process and Timeline

  • Record Date for determining shareholders eligible to vote: 15th May 2026
  • Total number of shareholders on record date: 340,635
  • Notice of Postal Ballot dated 13th May 2026 was sent to members via email on 21st May 2026
  • Public advertisement published in Business Standard (English) and Makkal Kural (Tamil) newspapers on 22nd May 2026
  • E-voting period: From Friday, 22nd May 2026 at 9:00 AM IST to Saturday, 20th June 2026 at 5:00 PM IST
  • E-voting platform provided by National Securities Depository Limited (NSDL)
  • Scrutinizer: B Chandra & Associates, Practising Company Secretaries
  • 12,863 emails bounced during the notification process

Voting Results

The resolution was approved by shareholders with requisite majority:

  • Total number of shares eligible to vote: 238,812,786
  • Total number of votes cast (polled): 238,782,786 (99.98% of eligible shares)
  • Votes in favor: 238,782,786 (100% of votes cast)
  • Votes against: 77,609 (0.19% of votes cast)
  • Invalid votes: 5,772,596

Category-wise Voting Breakdown

Public Institutions:

  • Shares held: 196,751,696
  • Votes polled: 161,454,179 (82.06% participation)
  • Votes in favor: 160,687,550 (99.52%)
  • Votes against: 766,629 (0.47%)

Non-Institutional Public:

  • Shares held: 39,526,232
  • Votes polled: 2,019,409 (5.11% participation)
  • Votes in favor: 2,014,429 (99.75%)
  • Votes against: 4,980 (0.25%)

Total Public Shareholding:

  • Shares held: 236,277,928
  • Votes polled: 163,473,588 (69.18% participation)
  • Votes in favor: 162,701,979 (99.53%)
  • Votes against: 771,609 (0.47%)

Scrutinizer's Certification

B Chandra & Associates certified that:

  • The resolution passed as a special resolution since votes in favor (401,484,765) exceeded three times the votes against (771,609)
  • 2,503 voters participated through e-voting
  • 63 votes were invalidated (primarily corporate members who voted without board resolutions)
  • The result is deemed to have been passed on 20th June 2026

Effective Date

The appointment of Mr. Ravindran Shanmugam as Non-Executive Independent Director is effective from 13th May 2026 for a five-year term.

Signatories and Attachments

The disclosure was signed by K S Srinivasan, Company Secretary, and includes Annexure-1 (results announcement) and Annexure-2 (consolidated scrutinizer report).