Tata Investment Corporation Limited has informed the Exchange regarding Notice of Postal Ballot
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Tata Investment Corporation Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mr. Bahram N. Vakil (DIN: 00283980) as a Non-Executive Independent Director. He was earlier appointed by the Board on March 11, 2025 as an Additional Director, effective March 12, 2025, and the postal ballot is being conducted to formally approve his 5-year term ending March 11, 2030. Mr. Vakil is the co-founder of AZB & Partners and a leading restructuring and bankruptcy law expert who has served on key government committees including the IBC drafting committee. Voting will be conducted via remote e-voting through NSDL from May 10, 2025 to June 8, 2025, with the cut-off date for eligibility set as May 2, 2025.
This is a routine corporate governance step required to formalize an independent director's appointment. No material impact on the stock or shareholders is expected; it strengthens the board with experienced legal and governance expertise.