Atul auto Limited has announced the appointment of Dr. Kamalkishore C. Vora as an Independent Director (Additional) with effect from March 15, 2026, and has now issued a postal ballot notice seeking shareholder approval for his formal appointment as Independent Director.

Postal Ballot Process and E-Voting Schedule

The company has issued a postal ballot notice under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for seeking shareholder approval through remote e-voting. The voting process has been structured with specific timelines and procedures.

Newspaper Publication Notice

On March 19, 2026, Atul Auto Limited published the postal ballot notice in newspapers as required under Regulation 47 of SEBI (LODR) Regulations 2015. The notice was published in Indian Express (English edition) and Financial Express (Gujarati edition) to inform members about the remote e-voting process for the postal ballot.

Director Appointment Details

The Board of Directors, following the recommendation of the Nomination and Remuneration Committee, had appointed Dr. Vora as Additional Director effective March 15, 2026. The postal ballot seeks approval for his appointment as Independent Director for a three-year term.

Professional Background and Expertise

Dr. K.C. Vora brings extensive experience spanning over 40 years in the automotive industry and academia. He currently serves as Program Director – Automotive CoE at NAMTECH, located at IIT Gandhinagar Research Park. His career includes significant roles with leading organizations including Walchandnagar Industries, Emitec, Mahindra & Mahindra, and the Automotive Research Association of India (ARAI).

He superannuated from ARAI in 2021, where he held the position of Senior Deputy Director and Head of ARAI Academy. Currently, he serves as a consultant to the Automotive Skills Development Council (ASDC) and chairs the Expert Group for Electric Vehicles.

Academic Credentials and Contributions

Dr. Vora holds a Bachelor's degree in Mechanical Engineering from Birla Vishvakarma Mahavidyalaya (BVM), a Master's in Automotive Engineering from Veermata Jijabai Technological Institute (VJTI), and a Ph.D. from the Indian Institute of Technology (IIT) Bombay. His contributions to the automotive field include authoring over 120 technical papers, writing 4 books on automotive subjects, and holding 4 patents in automotive technology.

Regulatory Compliance and Voting Process

The appointment follows all regulatory requirements under the SEBI Listing Regulations. The postal ballot notice has been sent electronically to shareholders whose email addresses are registered with the company or depositories. Shareholders can vote through the NSDL e-voting platform during the specified period. The results will be declared within two working days from the conclusion of the voting period and will be available on the company's website and NSDL's platform.

Atul Auto has demonstrated strong sales performance in February 2026, recording total unit sales of 3,429 units compared to 2,900 units in February 2025. This achievement represents a significant year-on-year growth of 18.24%, highlighting the company's expanding market presence and operational effectiveness across its three-wheeler vehicle portfolio.

February 2026 Sales Performance

The company's February sales figures showcase robust growth across multiple vehicle categories. The domestic market contributed 2,940 units with a growth rate of 24.58%, while the combined domestic and export sales reached 3,429 units, demonstrating the company's strong performance in both markets.

Segment-wise Performance Analysis

Atul Auto's three-wheeler IC engine vehicles emerged as the primary growth driver, recording exceptional performance in February 2026. The IC engine segment achieved 2,934 units in total sales compared to 2,311 units in the previous year, marking a substantial 26.96% growth.

Year-to-Date Performance

The company's year-to-date performance reflects sustained growth momentum with total sales of 34,228 units compared to 30,319 units in the corresponding period of the previous fiscal year, representing a healthy 12.89% increase. The IC engine segment continues to drive overall performance with 27,024 units sold, achieving a remarkable 20.72% YTD growth.

While the EV-L5 segment faced challenges with a decline of 58.24% in February, the EV-L3 category maintained positive momentum with 20.57% growth, indicating selective strength in the electric vehicle portfolio. The overall performance demonstrates Atul Auto's ability to navigate market dynamics while maintaining growth across its core product segments.