COSYN Limited shareholders have approved the appointment of Ms. Madhuri Muddana as a Non-Executive Independent Director. The special resolution passed with a 97.13% vote in favour during the remote e-voting process conducted via postal ballot.

The voting results were disclosed on August 24, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was initially approved by the Board of Directors effective May 26, 2026, for a term of three years.

Voting Results

The postal ballot notice was issued on July 17, 2026, with the e-voting period running from July 24, 2026, to August 22, 2026. A total of 30,66,905 votes were polled out of 75,00,000 shares held by shareholders on the record date, representing a 41.93% participation rate.

Promoter group shareholders voted unanimously in favour of the resolution. Among public non-institutional shareholders, 46.96% of polled votes supported the appointment, while 53.04% voted against. Despite the opposition from a segment of public shareholders, the resolution secured the requisite majority due to strong promoter support.

Scrutinizer Report

Arun Marepally of A.S. Ramkumar & Associates served as the independent scrutinizer for the postal ballot process. The report confirmed that the e-voting facility was provided by Central Depository Services (India) Limited (CDSL). No physical ballot forms were received; all votes were cast electronically. The scrutinizer verified that the process complied with Section 108 and 110 of the Companies Act, 2013, and relevant rules.

Board Appointment Details

Ms. Muddana joins the board with effect from May 26, 2026. Her tenure will last for three years from the date of appointment. There are no disclosed relationships between her and other directors of the company.

Professional Background

Ms. Muddana is a Fellow Chartered Accountant with more than 25 years of experience in public practice. She serves as the founding partner of Madhuri & Co., Chartered Accountants, based in Hyderabad.

Her expertise covers statutory audit, taxation, and regulatory compliance. She holds specialized ICAI certificate courses in Concurrent Audits of Banks, GST, Forex and Treasury Management, Anti-Money Laundering, and Forensic Accounting and Fraud Detection.

Ms. Muddana meets the independence criteria prescribed under Section 149(6) of the Companies Act, 2013 and the SEBI LODR Regulations, 2015.

Cosyn Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Ms. Madhuri Muddana as a Non-Executive Independent Director for a term of three consecutive years. The appointment, subject to regulatory approval, is effective from May 26, 2026, to May 25, 2029. Ms. Muddana was appointed as an Additional Director by the Board on May 26, 2026, and holds DIN 01761420.

The Board of Directors approved the issuance of the notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution requires a special majority. Ms. Muddana is a Fellow Chartered Accountant with over 25 years of experience and is the founding partner of Madhuri & Co., Chartered Accountants. She has confirmed she meets the criteria of independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations.

Remote E-Voting Details

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting. The e-voting period commences on Friday, July 24, 2026, at 9:00 a.m. IST and concludes on Saturday, August 22, 2026, at 5:00 p.m. IST. The cut-off date for determining shareholder eligibility is Friday, July 17, 2026.

Smt. Durga Bhavani Agarwal and/or Mr. Arun Marepally, partners of M/s. A. S. Ramkumar & Associates, Company Secretaries, Hyderabad, have been appointed as Scrutinizers. The results of the postal ballot will be announced on or before 5:00 p.m. IST on Tuesday, August 25, 2026.

Director Profile