TVS Srichakra Limited has informed the Exchange regarding Notice of Postal Ballot
TVSSRICHAK · price
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TVS Srichakra Limited has issued a notice of postal ballot to seek shareholders' approval for the re-appointment of Ms. Shobhana Ramachandhran as Managing Director for a fresh term of five years, effective from 25th August 2025. Ms. Shobhana has been with the company since 28th March 1986 (39+ years) and currently draws a remuneration of Rs. 2.98 crore per year (FY 2024-25). Her total compensation will be capped at 5% of net profits, with a minimum remuneration clause tied to Schedule V of the Companies Act in case of inadequate profits. The remote e-voting period runs from 17th June 2025 (9:00 AM) to 16th July 2025 (5:00 PM), with the cut-off date being 13th June 2025, and results are expected to be announced on or before 18th July 2025. Her relative, Mr. R Naresh, is the Executive Vice-Chairman of the company.
This is a routine governance matter ensuring leadership continuity, as Ms. Shobhana has led the company for nearly four decades. Shareholders with email addresses registered should vote during the e-voting window; the outcome is not expected to materially affect the stock price given the established nature of the re-appointment.