TVS Motor Company Limited has informed the Exchange regarding 'Postal Ballot as per Section 110 of the Companies Act, 2013'.

Director Flagged GovernanceManagement Changes View source PDF

TVSMOTOR · price

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-2.7%1-day move

₹3558.00

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₹3542.00

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AI summary

TVS Motor Company Limited has announced that its Board of Directors approved a proposal to seek shareholder consent via Postal Ballot for appointing Mr. Ravindran Shanmugam (DIN: 11700880) as a Non-Executive Independent Director. The appointment is for a period of five consecutive years, effective 13th May 2026. The company is following the process under Section 110 of the Companies Act, 2013 and Companies (Management and Administration) Rules 2014. A formal Postal Ballot Notice will be sent to shareholders for their approval.

Likely market impact

Shareholders will have the opportunity to vote on this independent director appointment via postal ballot. The appointment strengthens the board with an additional independent director, which is positive for corporate governance.