Newspaper publication of the corrigendum to the Notice of Postal Ballot for the appointment of Ms. Gowree Gokhale as an Independent Director dated April 16, 2026
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Novartis India has issued a corrigendum correcting an error in the Postal Ballot Notice dated April 16, 2026 for appointing Ms. Gowree Gokhale as an Independent Director. The error occurred in multiple sections of the original notice and Explanatory Statement, where the resolution was incorrectly described as an 'Ordinary Resolution' instead of a 'Special Resolution'. Shareholders are being informed that the appointment resolution should be treated as a Special Resolution requiring higher shareholder approval threshold. The corrigendum has been published in newspapers 'Financial Express' and 'Navshakti' on May 16, 2026.
This correction is procedural in nature and ensures the postal ballot follows the correct voting requirement. Shareholders should note that appointing an Independent Director requires a Special Resolution, which needs higher voter turnout and approval. The stock is unlikely to be materially impacted by this administrative correction.