Result of Postal Ballot by remote e-voting process
TATAINVEST · price
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Tata Investment Corporation conducted a postal ballot (via remote e-voting) to approve the re-appointment of Mr. V. Chandrasekaran (DIN: 03126243) as an Independent Director for a second five-year term, effective March 16, 2025. Voting ran from March 15 to April 13, 2025, with 75.62% of outstanding shares participating in the vote. The resolution passed with overwhelming support — 99.79% of polled votes (3,81,79,918 shares) were in favour, with just 0.21% (81,864 shares) against. All promoter group shares voted in favour, while institutional and retail public shareholders also backed the resolution by large margins (92.6% and 96.1% respectively).
This is a routine governance item with no material impact on shareholders or the stock. The strong approval (over 99.8%) reflects broad confidence in the existing board composition, and Mr. Chandrasekaran will continue as an Independent Director for another five-year term.