Tenneco Clean Air India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Tenneco Clean Air India Limited has announced the results of its postal ballot voting conducted via remote e-voting from April 3 to May 2, 2026. Two special resolutions were passed with overwhelming shareholder approval: (1) ratification and amendment of the Employee Stock Option Scheme 2025 under SEBI regulations, and (2) extension of ESOS grants to eligible employees of group companies including subsidiaries and associates. Resolution 1 received 93.11% votes in favor (34.75 crore shares) and Resolution 2 received 93.18% votes in favor. Promoter and promoter group voted 100% in favor on both resolutions, while public institutional investors showed some opposition at approximately 36% against.
Shareholders have approved changes to the employee stock option scheme, allowing the company to retain and incentivize employees including those in group entities. The high promoter approval and overall ~93% voting support signals shareholder confidence. The ESOS extension may dilute shareholder value but is typical for talent retention in listed companies.