Talbros Automotive Components Limited has informed the Exchange regarding Notice of Postal Ballot dated February 11, 2026
TALBROAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Talbros Automotive Components has issued a postal ballot notice dated February 11, 2026 seeking shareholder approval for three special resolutions. The first is the appointment of Mr. Umesh Talwar (Promoter) as Executive Chairman and Whole-Time Director, and the second is the appointment of Mr. Anuj Talwar as Managing Director, both for 3 years effective April 1, 2026 with a monthly remuneration of Rs. 22,77,000 (Basic Rs. 12,70,000 + HRA Rs. 8,89,000 + Other Allowances Rs. 1,18,000). The third resolution seeks to appoint Mr. Varun Talwar as Vice Chairman and Managing Director for the same 3-year period. Mr. Umesh Talwar is vacating his current role as Vice Chairman & Managing Director and Mr. Anuj Talwar is vacating his role as Joint Managing Director, both with effect from March 31, 2026. Existing Chairman Mr. Naresh Talwar is also stepping down from the Chairmanship on the same date. E-voting will be open from February 28, 2026 to March 29, 2026, with results announced on or before March 31, 2026.
This is a leadership succession move within the promoter Talwar family with the older generation (Naresh Talwar) stepping aside for the next generation to take charge of operations. The proposed remuneration for Umesh and Anuj Talwar exceeds SEBI Listing Regulation 17(6)(e) caps for promoter directors, which is why a special resolution and explicit shareholder approval is being sought. Shareholders should evaluate whether the remuneration is reasonable given company performance before voting.