Result of Postal Ballot by remote e-voting process
TATAINVEST · price
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Tata Investment Corporation sought shareholder approval via postal ballot to re-appoint Mr. V. Chandrasekaran (DIN: 03126243) as an Independent Director for a second term of five years effective March 16, 2025. Voting was conducted through remote e-voting from March 15 to April 13, 2025. Out of 50,59,296 total shares, 38,26,182 shares (75.62%) participated in the voting. The resolution was passed with overwhelming support: 38,179,918 votes (99.79%) in favour and only 81,864 votes (0.21%) against. Promoter group voted 100% in favour, while public institutions voted 92.61% in favour and public non-institutions voted 96.09% in favour.
This is a routine corporate governance matter with strong shareholder approval, indicating continued board stability. No material impact on shareholders or stock price is expected as the re-appointment simply extends the tenure of an existing independent director.