Meeting Details

This is a Postal Ballot process, not a physical meeting. The cut-off date for determining shareholder eligibility to vote was Friday, October 23, 2026. The remote e-voting period commences on Friday, October 30, 2026, at 9:00 A.M. IST and ends on Saturday, November 28, 2026, at 5:00 P.M. IST.

Summary of Proposed Resolution and Implications

The single resolution proposes the appointment of Mr. Vivek Paul (DIN: 11979027) as a Non-Executive Nominee Director, representing Life Insurance Corporation of India (LIC). His appointment was initially approved by the company's Board of Directors on October 6, 2026, based on a recommendation from LIC and the Nomination & Remuneration Committee. This shareholder approval is mandated by Regulation 17(1C) of the SEBI LODR Regulations, which requires ratification of a director's appointment at the next general meeting or within three months, whichever is earlier. Mr. Paul will hold office until the date of the next Annual General Meeting and will be entitled to receive sitting fees for board and committee meetings. A commission may also be paid to LIC, subject to board approval and statutory limits.

Voting Process and Methods

The voting is conducted solely through a remote e-voting process managed by Central Depository Services (India) Limited (CDSL). No physical postal ballot forms are being dispatched. The notice is being sent electronically only to members whose email addresses are registered with the company's Registrar and Share Transfer Agent, KFIN Technologies Limited, or the depositories (NSDL and CDSL) as of the cut-off date.

Key Voting Outcomes

The results of the voting are not yet available as the process is yet to commence. The results will be submitted to the stock exchanges (BSE Limited and National Stock Exchange of India Limited) within two working days from the conclusion of the e-voting period (i.e., after November 28, 2026).

The results, along with the Scrutinizer's report, will also be displayed on the company's website (www.acclimited.com), CDSL's website (www.evotingindia.com), and at the company's registered office.

Scrutinizer's Role

Mr. Raimeen Maradiya, Partner at Chirag Shah and Associates, a Practicing Company Secretary (Membership No. 11283 & COP No. 17554), has been appointed as the Scrutinizer. His role is to conduct the e-voting process in a fair and transparent manner. He will scrutinize the votes and submit a report to the Chairman of the company after the e-voting period concludes. Corporate and institutional members must send scanned copies of board resolutions or authority letters to the Scrutinizer at raimeen.maradiya@gmail.com for verification.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 108, 110, 102, 149, 152, 161, and 184 of the Companies Act, 2013.
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014.
  • Multiple General Circulars issued by the Ministry of Corporate Affairs (MCA).
  • The Secretarial Standard on General Meetings (SS-2).

Names and Roles of Signatories

  • Bhavik Parikh, Company Secretary & Compliance Officer of ACC Limited, signed the intimation letter to the stock exchanges.
  • Bhavik Parikh, Company Secretary (Membership No.: A40719), signed the Postal Ballot Notice on behalf of the company's board.

Other Relevant Information

  • Mr. Vivek Paul's Profile: He is a 60-year-old seasoned professional with over 37 years of experience at LIC. His qualifications include a Post-Graduate degree in Physics from Delhi University, a Fellowship from the Insurance Institute of India, and a Post Graduate Executive Programme from IIM Ahmedabad. His expertise lies in Insurance, Financial Services, Pension & Group Schemes, and Business Management. He holds no directorships in other Indian entities and owns no shares in ACC Limited.
  • Contact Details:
  • RTA: KFin Technologies Limited. Toll-free: 1800-309-8998/4001. Email: evoting@kfintech.com
  • e-Voting Agency: CDSL. Toll-free: 1800 21 09911. Email: helpdesk.evoting@cdslindia.com
  • Scrutinizer: Mr. Raimeen Maradiya. Email: raimeen.maradiya@gmail.com