Carborundum Universal Limited has completed the formal notification process for its postal ballot seeking shareholder approval for Ambassador D B Venkatesh Varma's appointment as Independent Director. Following the dispatch of postal ballot notices on March 16, 2026, the company published the required newspaper advertisement on March 17, 2026, ensuring full regulatory compliance.

Newspaper Publication and Regulatory Compliance

The company has fulfilled its statutory obligations by publishing the postal ballot notice in leading newspapers as mandated under the Companies Act, 2013. The public notice appeared in Business Standard (English) and Makkal Kural (Tamil) on March 17, 2026, providing wider accessibility to shareholders.

The notification was formally communicated to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency in corporate governance processes.

E-Voting Timeline and Process

The comprehensive e-voting framework provides shareholders nearly a month to participate in this crucial governance decision. The voting process accommodates both domestic and international shareholders through NSDL's electronic platform.

Only shareholders whose names appear in the Register of Members as of the cut-off date are eligible to vote. The postal ballot notice was sent electronically to shareholders who have registered their email addresses with the company, depository, or registrar M/s. KFin Technologies Limited.

Ambassador Varma's Credentials and Strategic Rationale

Ambassador D B Venkatesh Varma, aged 64 years and holding DIN 11564227, brings distinguished diplomatic experience spanning over three decades. His appointment is proposed for a term of 5 consecutive years from March 4, 2026.

Professional Background:

The appointment addresses the vacancy created following the demise of Late Mr. P S Raghavan on November 24, 2025, who had served as Independent Director since May 9, 2017. The board identified the need for similar geopolitical expertise given the company's global business operations.

Remuneration and Governance Framework

The appointment ensures compliance with Regulation 17(1C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, requiring shareholder approval within three months of appointment.

The company has received all requisite declarations from Ambassador Varma, including confirmation of his independence as per Section 149(6) of the Companies Act, 2013. The voting results will be available on the company's website and communicated to stock exchanges upon declaration.

Carborundum universal has announced that it has received an Environment, Social and Governance (ESG) rating from SES ESG Research Private Limited, a SEBI-registered ESG Rating Provider. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on 17th March 2026.

ESG Rating Details

The ESG rating was independently prepared by SES ESG Research Private Limited based on information available in the public domain. Notably, Carborundum Universal clarified that it has not engaged SES ESG Research Private Limited for this rating assessment.

Report Availability

The ESG report has been published on the websites of both stock exchanges where Carborundum Universal is listed. The report can be accessed through the following platforms:

• BSE Limited: Available on the intermediaries-ERP section
• National Stock Exchange: Published on the corporate social disclosure and credit rating ESG section

Regulatory Compliance

The disclosure was made in compliance with SEBI Listing Regulations, specifically under Regulation 30, which mandates listed companies to inform stock exchanges about material events and information. The rating was submitted to both BSE Limited and National Stock Exchange of India Limited directly by SES ESG Research Private Limited.

The company received official communication regarding the upload of the ESG rating on 16th March 2026 at 09:27 p.m., and subsequently made the regulatory disclosure on 17th March 2026. This demonstrates the company's commitment to maintaining transparency and regulatory compliance in its corporate governance practices.