Sundaram Clayton Limited has informed the Exchange regarding Notice of Postal Ballot
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Sundaram Clayton Limited has issued a Postal Ballot Notice seeking shareholder approval for two ordinary resolutions. The first is the appointment of Mr. R Venkatesh (DIN: 11569393) as a Director of the company, liable to retire by rotation. The second is his appointment as Director & Chief Executive Officer for a 5-year term from 1st April 2026 to 31st March 2031. Mr. Venkatesh, aged 48, is currently the Chief Operating Officer of Sundaram Clayton USA, LLC, and brings over 26 years of experience in the auto components sector, including prior leadership roles within the TVS–Sundaram Clayton group. His proposed fixed compensation is Rs. 1.82 crore per annum for FY 2026-27, with a maximum 12% annual increase, plus variable pay ranging from 50% to 150% of CTC and eligibility for long-term incentives. The e-voting window runs from 6th March 2026 to 4th April 2026, with the cut-off date being 27th February 2026.
Shareholders are being asked to approve a new leadership appointment, including a 5-year CEO term with significant pay. The outcome is procedural but will formalise the leadership transition effective 1st April 2026. Approval would provide continuity in the group's auto components business, while rejection could delay the appointment and require the board to seek alternatives.