CENTUM Electronics has successfully concluded its postal ballot process, with shareholders approving three critical special resolutions through remote e-voting that concluded on March 16, 2026. The electronics company received strong shareholder support across all proposed resolutions, including key board appointments and subsidiary restructuring initiatives.

Postal Ballot Process and Participation

The remote e-voting process commenced on February 15, 2026 at 9:00 AM IST and concluded on March 16, 2026 at 5:00 PM IST. The company conducted the postal ballot in compliance with Section 110 of the Companies Act, 2013 and the Companies (Management and Administration) Rules, 2014. S.P. Nagarajan, Company Secretary in Wholetime Practice, served as the scrutinizer for the voting process.

Independent Director Appointments

Shareholders approved the appointment of two independent directors with near-unanimous support. Both appointments received 99.9999% votes in favor, with only 13 votes against each resolution.

Mr. Apurva Chandra Appointment

The first resolution approved the appointment of Mr. Apurva Chandra (DIN: 02531655) as an Independent Director for a five-year term commencing from December 19, 2025. Mr. Chandra was initially appointed as an Additional Non-Executive Independent Director and has submitted the required independence declaration.

Mr. Ramesh Ramadurai Appointment

The second resolution approved the appointment of Mr. Ramesh Ramadurai (DIN: 07109252) as an Independent Director for a five-year term commencing from February 14, 2026. Similar to Mr. Chandra, he was initially appointed as an Additional Non-Executive Independent Director.

The voting results for Mr. Ramadurai's appointment mirrored those of Mr. Chandra, with identical vote counts across all categories, demonstrating consistent shareholder confidence in both appointments.

Subsidiary Restructuring Authorization

The third and most significant resolution authorized the restructuring of CENTUM Electronics UK Limited and Centum T&S Group Société Anonyme (S.A.), France, along with their subsidiaries. This resolution received 99.9212% approval with 8,283 votes against.

Restructuring Scope

The approved restructuring encompasses several strategic options:

• Divestment Activities: Sale, transfer, or disposal of investments and assets in material subsidiaries
• Control Changes: Potential reduction of shareholding below 50% or cessation of control over subsidiaries
• Asset Disposal: Sale of substantial assets (more than 20% of subsidiary assets) during a financial year
• Legal Proceedings: Participation in court-supervised restructuring, reorganization, or insolvency proceedings

The resolution provides the Board of Directors with comprehensive authority to execute various restructuring strategies as deemed beneficial for the company's interests.

Voting Participation and Results Summary

The postal ballot demonstrated strong shareholder engagement with 71.32% participation rate across all resolutions. The Promoter and Promoter Group showed complete support with 100% participation and unanimous approval for all resolutions.

All three special resolutions were deemed passed on March 16, 2026, enabling CENTUM Electronics to proceed with its governance strengthening and strategic restructuring initiatives. The overwhelming shareholder support reflects confidence in the company's strategic direction and management decisions.

Centum Electronics Limited has announced its participation in an upcoming investor and analyst meeting at the 11th Annual Valorem Conference. The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about this scheduled engagement.

Meeting Details

The investor meeting is scheduled as part of the 11th Annual Valorem Conference themed "Resilient Corporates, Relentless India." The event details are outlined below:

Regulatory Compliance

The announcement has been made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure ensures compliance with mandatory reporting requirements for listed companies regarding investor interactions.

Information Sharing Protocol

Centum Electronics has specifically clarified that no unpublished price sensitive information will be shared during the meeting. This statement aligns with regulatory guidelines that prevent selective disclosure of material information that could impact stock prices.

Corporate Communication

The formal notification was signed by Indu H S, Company Secretary and Compliance Officer, and dated March 16, 2026. The communication was addressed to the listing departments of both major Indian stock exchanges, ensuring proper regulatory compliance and transparency in corporate communications.