Sundaram Finance Limited has informed the Exchange regarding the Postal Ballot voting results, along with copy of Scrutinizer's Report.
SUNDARMFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sundaram Finance conducted a postal ballot through e-voting, with results declared on 13th March 2026. Three resolutions were passed with overwhelming shareholder support: (1) Re-appointment of Mr. Harsha Viji as Executive Vice Chairman for 5 years from 1st April 2026, approved by 98.92% of votes polled (7.36 crore shares in favour out of 7.44 crore); (2) Re-appointment of Mr. Rajiv C. Lochan as Managing Director for 5 years from 1st April 2026, approved by 98.99% (7.59 crore shares in favour out of 7.67 crore); (3) Re-appointment of Mr. A.N. Raju for 4 years and his elevation as Joint Managing Director, approved by 99.01% (7.59 crore shares in favour out of 7.67 crore). The remuneration structure includes basic salary, HRA at 60%, compensatory allowance at 30%, performance bonus up to 1% of net profits, and long-term incentives for all three appointees. Promoter group voted 100% in favour across all resolutions.
Continuity of leadership is confirmed at the top of the company, with both Vice Chairman and Managing Director retained for another 5-year term and a new Joint Managing Director elevated. The strong approval (above 98% on all resolutions) signals shareholder confidence in the current management team. No material disruption to operations is expected.