Schaeffler India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SCHAEFFLER · price
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Schaeffler India Limited has announced the results of its postal ballot conducted from February 13, 2026, to March 14, 2026, for the appointment of Mr. Maximilian Andreas Fiedler (DIN: 10406377) as a Non-Executive Non-Independent Director. Out of 68,496 total shareholders, 588 participated in the e-voting, with 99.95% of valid votes cast in favour of the resolution. The promoter group (holding 11.59 crore shares) voted 100% in favour, while public institutions supported it with 99.75% and public non-institutions with 96.53%. Overall, 14.58 crore shares (93.30% of total outstanding shares) were polled, with only 74,305 votes against the resolution. The Scrutinizer, Samdani Kabra & Associates, confirmed the resolution was passed with the requisite majority as an Ordinary Resolution.
This is a routine governance update confirming the appointment of a new non-independent director (likely representing the parent Schaeffler Group). The overwhelming shareholder approval signals strong board consensus and is unlikely to have any material impact on the stock price. Retail investors should note this is a governance formality rather than a strategic change.