Scrutinizer''s Report dated 29th May 2026 on the Postal Ballot results ended on 28th May 2026
INDTERRAIN · price
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Indian Terrain Fashions Limited conducted a postal ballot (remote e-voting) from 29th April to 28th May 2026. Three special resolutions were passed with overwhelming shareholder approval. The resolutions included: (1) appointment of Mr. J Suresh as Non-Executive Independent Director for 5 years up to 20th April 2031, approved with 99.84% votes in favour (1.74 crore votes out of 1.75 crore polled); (2) re-appointment of Mr. Venkatesh Rajagopal as Executive Chairman and Whole-time Director for 3 years from 8th August 2026 with fixed remuneration of Rs. 1.15 crore per annum plus variable pay; and (3) re-appointment of Mr. Charath Ram Narsimhan as Managing Director & CEO for 3 years from 8th August 2026 with fixed remuneration of Rs. 96 lakh per annum plus variable pay. Promoters abstained from voting on Resolution 2 due to their interest. Overall turnout was low at 34.47% of total shares for Resolution 1.
All three leadership appointments have been validated by shareholders with near-unanimous support. The company maintains continuity in its top management with approved remuneration packages. The independent director appointment strengthens board governance.