Corrigendum to the Postal Ballot Notice dated March 27, 2025, filed on May 06, 2025
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Goodyear India has issued a corrigendum to its Postal Ballot Notice dated March 27, 2025, correcting a typographical error in the explanatory statement. The word 'not liable to retire by rotation' has been corrected to 'liable to retire by rotation' in relation to Mr. Sandeep Garg's appointment. All other contents of the notice remain unchanged. The underlying Postal Ballot seeks shareholder approval for Mr. Sandeep Garg's appointment as Whole Time Director and Chief Financial Officer for 5 years effective April 7, 2025, with a monthly salary not exceeding Rs 5.17 lakh plus allowances and a performance bonus of up to Rs 64.8 lakh. Mr. Garg is a Chartered Accountant with about 26 years of experience, previously CFO at Wavin Industries, and has also worked with Musahi Auto Parts, Exicom Power Solutions, Schneider Electric India, and Motherson Sumi Systems. Remote e-voting runs from May 9 to June 7, 2025.
This is a procedural correction and does not change the substance of the resolution being put to shareholders. For investors, the key point remains the proposed appointment of Mr. Sandeep Garg as WTD and CFO; shareholders should review his remuneration and vote in the ongoing postal ballot.