Atul Limited has appointed Vinayak Deshpande as an Independent Director following a postal ballot vote by shareholders. The appointment was confirmed on September 7, 2025, with the new director set to serve a term of five consecutive years.

The company disclosed that the special item regarding the appointment was passed with the requisite majority through remote e-voting. This action complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details

• Appointee: Vinayak Deshpande (DIN: 00036827)
• Role: Independent Director
• Term: Five consecutive years
• Approval Method: Postal ballot via remote e-voting
• Disclosure Date: September 7, 2025

Lalit Patni, Company Secretary and Chief Compliance Officer of Atul Limited, signed the disclosure filed with both the BSE and NSE listing departments. The voting results for the postal ballot process are being filed separately as per regulatory requirements.

Atul Limited atul has initiated a postal ballot process to seek shareholder approval for the appointment of Vinayak Deshpande as an Independent Director for a term of five consecutive years. This governance move strengthens the Board’s composition by adding a director with extensive experience in industrial automation and infrastructure projects. Shareholders holding shares as of the cut-off date of Friday, July 31, 2026, are eligible to cast their votes electronically during the designated voting window.

The appointment follows a recommendation from the Nomination and Remuneration Committee and was initially approved by the Board of Directors, who appointed Mr Deshpande as an Additional Director effective August 01, 2026. The proposed resolution, if passed, will formalize his tenure as an Independent Director from August 01, 2026, to July 31, 2031. The filing cites Section 149 of the Companies Act, 2013, and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Timeline and Process

The remote e-voting period is scheduled to commence on Friday, August 07, 2026, at 9:00 am and will end on Saturday, September 05, 2026, at 5:00 pm. Central Depository Services (India) Ltd (CDSL) is facilitating the e-voting process. Members can vote via the CDSL Myeasi facility, NSDL IDeAS, or directly through the e-voting website www.evotingindia.com . SPANJ & Associates, Company Secretaries, have been appointed as scrutinisers to ensure the fairness and transparency of the voting process.

Candidate Profile

Vinayak Deshpande brings approximately four decades of experience in industrial and building automation, large infrastructure projects, and engineering procurement. He previously served as Managing Director and Chief Executive Officer of Tata Honeywell and Tata Projects for over two decades. Currently, he serves as an advisor to Tata Sons Ltd. Mr Deshpande holds a graduate degree in Chemical Engineering from the Indian Institute of Technology, Kharagpur.

He currently holds directorships in several public companies, including Kirloskar Brothers Ltd, Praj Industries Ltd, Signify Innovations India Ltd, Universal MEP Projects & Engineering Services Ltd, and Voltas Ltd. Additionally, he serves on various committees across these entities, such as the Nomination and Remuneration Committee at Praj Industries Ltd and the Audit Committee at Kirloskar Brothers Ltd. He does not hold any shares in Atul Limited, ensuring his independence from the company’s management.

Regulatory Compliance

The notice was issued pursuant to Sections 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. It also aligns with Circular No. 14/2020 dated April 08, 2020, and Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs. The explanatory statement confirms that no other Directors or Key Managerial Personnel have any financial interest in this resolution. The results of the postal ballot will be declared within two working days of the conclusion of the voting period and will be communicated to the BSE Ltd and the National Stock Exchange of India Ltd.