Sundram Fasteners Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
SUNDRMFAST · price
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Sundram Fasteners Limited has announced the results of its 16th Postal Ballot, conducted via remote e-voting from February 16, 2026 to March 17, 2026. The single resolution sought shareholder approval for the re-appointment and remuneration of Ms. Arathi Krishna (DIN: 00517456) as Managing Director for another 5-year term, from May 3, 2026 to May 2, 2031. The resolution was passed with overwhelming support, with 91.54% of valid votes cast in favour (15,14,44,717 shares) and only 8.46% against (1,40,03,968 shares). Promoters voted 99.98% in favour, while public institutions supported it at 78.67% and non-institutional public shareholders at 98.63%. Out of 79,767 eligible shareholders, 377 participated in the voting process.
This ensures leadership continuity at the top of the company for the next five years. The strong shareholder approval, especially from the promoter group and retail investors, signals confidence in the current management's strategy and direction.