TVS Srichakra Limited has informed the Exchange with copy of minutes of Postal Ballot
TVSSRICHAK · price
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TVS Srichakra Limited has filed the minutes of a postal ballot conducted on 16th July 2025, results declared on 18th July 2025. Shareholders approved the special resolution to re-appoint Ms. Shobhana Ramachandhran (DIN: 00273837) as Managing Director for a fresh five-year term beginning 25th August 2025. The resolution was passed with overwhelming support, receiving 34,07,339 votes in favour (98.48%) against only 52,688 votes against (1.52%), out of 34,60,027 valid e-votes cast. Her remuneration has been capped at a maximum of 5% of net profits, as recommended by the Nomination and Remuneration Committee. The re-appointment was originally approved by the Board on 27th May 2025, subject to shareholder approval, and the postal ballot was conducted via NSDL's remote e-voting platform.
This is a routine governance filing confirming strong shareholder backing (98.48%) for leadership continuity. Investors should note continuity at the top with Ms. Shobhana Ramachandhran (of the TVS group promoter family) continuing as MD for another five years. The remuneration structure tied to net profits aligns management incentives with company performance, and the strong approval signals no governance concerns.