Hyundai Motor India Limited has informed the Exchange regarding Notice of Postal Ballot
HYUNDAI · price
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Hyundai Motor India has issued a Postal Ballot Notice to shareholders asking them to vote on four resolutions through remote e-voting from March 3, 2026 to April 1, 2026, with results expected by April 3, 2026. The first resolution seeks approval to appoint Mr. Dong Huwy Park as a Whole-time Director (Non-Independent, Executive Director) for a 3-year term from February 2, 2026 to February 1, 2029, citing his 30 years of global industry experience. The remaining three resolutions seek shareholder approval for material related party transactions: up to ₹88,400 million with Mobis India Limited, up to ₹44,532 million with Kia India Private Limited, and up to ₹44,291 million with parent company Hyundai Motor Company. The cut-off date for eligibility to vote is February 25, 2026. Voting will be conducted electronically via NSDL's e-voting platform.
Shareholders need to cast their votes on these routine corporate items before April 1, 2026. The related party transaction limits (totaling up to ₹1,77,223 million across Mobis, Kia, and HMC) are significant and reflect Hyundai Motor India's deep operational integration with its parent and group companies, but are stated to be at arm's length. The director appointment adds executive bench strength and is largely a procedural confirmation.