Indian Terrain Fashions Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of scrutinizers report together with copy of minutes.
INDTERRAIN · price
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Indian Terrain Fashions Limited has announced the results of its postal ballot conducted through remote e-voting from April 29 to May 28, 2026. Three special resolutions were passed with overwhelming shareholder approval. The resolutions covered: (1) appointment of Mr. J Suresh as Non-Executive Independent Director for 5 years (99.84% in favor), (2) re-appointment of Mr. Venkatesh Rajagopal as Executive Chairman and Whole-time Director for 3 years from August 2026 with annual salary of Rs. 1.15 crore plus 2% variable pay on operating profits (98.11% in favor), and (3) re-appointment of Mr. Charath Ram Narsimhan as Managing Director and CEO for 3 years from August 2026 with annual salary of Rs. 96 lakh plus 2% variable pay (99.83% in favor). A total of 21,605 shareholders were eligible to vote. The scrutinizer report confirms all resolutions achieved the required majority under the Companies Act, 2013.
The overwhelming approval (98-99%) for these leadership appointments provides stability and continuity in the company's management structure. The high remuneration packages for top executives, which include profit-linked variable components, align management incentives with shareholder interests. The significant investor backing for these key appointments is a positive signal for the company's governance and future operations.