TVS Srichakra Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
TVSSRICHAK · price
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TVS Srichakra Limited has announced the results of a postal ballot conducted via remote e-voting between 28 February 2026 and 29 March 2026. Shareholders voted on a special resolution to re-appoint Mr. R Naresh as Managing Director (designated Executive Vice-Chairman) for a three-year term effective 16 June 2026. Out of 35,59,105 valid votes cast by 215 members, 96.35% voted in favour (34,29,181 votes) and 3.65% voted against (1,29,924 votes). An additional 5,04,949 votes were declared invalid. The promoter group voted 100% in favour, while public institutions voted 74.82% in favour and public non-institutions voted 97.67% in favour.
The re-appointment of Mr. R Naresh as Managing Director has been approved by shareholders with overwhelming majority, providing leadership continuity for the next three years. This is a routine governance outcome and is unlikely to have a meaningful impact on the stock price.