Sundaram Finance Holdings Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Sundaram Finance Holdings Limited conducted a Postal Ballot which concluded on 28 September 2025 for approval of a Material Related Party Transaction. The resolution pertains to disinvestment of the company's stake in Sundaram Composite Structures Private Limited to Brakes India Private Limited. Out of 222,103,860 total outstanding shares, 34,544,005 shares (15.55%) were voted through e-voting. Of these, 34,536,233 votes (99.98%) were in favour and only 7,772 votes (0.02%) were against. The resolution was passed as an Ordinary Resolution. The scrutinizer, Sri T K Bhaskar of H&B Partners, issued the report on 29 September 2025. Notably, the promoter group held 122,085,342 shares but did not participate in the voting as they were related parties to the transaction.
Shareholders have approved the disinvestment of Sundaram Composite Structures to Brakes India, both group companies, with near-unanimous support. While the transaction is now cleared from a shareholder standpoint, retail investors should note that promoters (being related parties) abstained from voting, which is standard procedure for related party transactions.