Delhivery Shareholders Approve Director Appointments and Remuneration via Postal Ballot
Delhivery Limited's shareholders approved all six special resolutions via postal ballot, with remote e-voting concluding on May 7, 2026. The resolutions covered the appointment and remuneration of six Non-Executive Independent Directors, including Ms. Neelam Dhawan, Mr. Romesh Sobti, Mr. Sameer Ashok Mehta, Mrs. Namita Vikas Thapar, Dr. Padmini Srinivasan, and Mr. Yashish Dahiya. Approval rates ranged from 89.2866% to 94.2794% across the six resolutions, with zero invalid votes recorded. The voting results were disclosed to stock exchanges on May 8, 2026, pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
Delhivery Limited has disclosed the voting results of its Postal Ballot, confirming that shareholders have approved all six special resolutions with the requisite majority. The resolutions, which were put to vote via remote e-voting facilitated by National Securities Depository Limited (NSDL), pertained to the appointment and remuneration of Non-Executive Independent Directors. The disclosure was made to the stock exchanges on May 8, 2026, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Resolutions Passed
The Postal Ballot Notice, originally dated March 19, 2026, was dispatched to shareholders electronically on April 7, 2026. The remote e-voting window commenced on April 8, 2026, at 9:00 A.M. (IST) and concluded on May 7, 2026, at 5:00 P.M. (IST). The record date for determining eligible voters was April 3, 2026, with a total of 169,182 shareholders on record as of that date. All six resolutions are deemed to have been passed on May 7, 2026, being the last date of remote e-voting.
The following resolutions were considered and approved:
| Item No.: | Resolution Description |
|---|---|
| Resolution 1: | Appointment of Ms. Neelam Dhawan (DIN: 00871445) as Non-Executive Independent Director, and payment of remuneration |
| Resolution 2: | Remuneration of Mr. Romesh Sobti (DIN: 00031034), Non-Executive Independent Director |
| Resolution 3: | Remuneration of Mr. Sameer Ashok Mehta (DIN: 02945481), Non-Executive Independent Director |
| Resolution 4: | Remuneration of Mrs. Namita Vikas Thapar (DIN: 05318899), Non-Executive Independent Director |
| Resolution 5: | Remuneration of Dr. Padmini Srinivasan (DIN: 09813415), Non-Executive Independent Director |
| Resolution 6: | Remuneration of Mr. Yashish Dahiya (DIN: 00706336), Non-Executive Independent Director |
Detailed Voting Results
The scrutinizer's report, prepared by Ashok, Partner of M/s. VAPN & Associates, Practicing Company Secretaries (ICSI Unique Code: P2015DE045500), provides a detailed breakdown of votes cast for each resolution. All resolutions recorded zero invalid votes. The table below summarises the outcome for each resolution:
| Resolution: | Votes in Favour | % in Favour | Votes Against | % Against | Total Votes Cast | Result |
|---|---|---|---|---|---|---|
| Resolution 1 (Ms. Neelam Dhawan): | 50,73,29,675 | 89.2866 | 6,08,74,217 | 10.7134 | 56,82,03,892 | Passed |
| Resolution 2 (Mr. Romesh Sobti): | 50,67,43,211 | 89.5962 | 5,88,42,574 | 10.4038 | 56,55,85,785 | Passed |
| Resolution 3 (Mr. Sameer Ashok Mehta): | 53,30,80,432 | 94.2528 | 3,25,05,352 | 5.7472 | 56,55,85,784 | Passed |
| Resolution 4 (Mrs. Namita Vikas Thapar): | 53,30,78,491 | 94.2525 | 3,25,07,204 | 5.7475 | 56,55,85,695 | Passed |
| Resolution 5 (Dr. Padmini Srinivasan): | 53,57,07,574 | 94.2794 | 3,25,05,179 | 5.7206 | 56,82,12,753 | Passed |
| Resolution 6 (Mr. Yashish Dahiya): | 53,57,06,343 | 94.2792 | 3,25,06,410 | 5.7208 | 56,82,12,753 | Passed |
Member Participation
The total number of members who participated in the voting process varied by resolution, reflecting the broad shareholder engagement in the postal ballot exercise. The participation details per resolution are as follows:
| Resolution: | Total Members Who Voted |
|---|---|
| Resolution 1 (Ms. Neelam Dhawan): | 888 |
| Resolution 2 (Mr. Romesh Sobti): | 882 |
| Resolution 3 (Mr. Sameer Ashok Mehta): | 881 |
| Resolution 4 (Mrs. Namita Vikas Thapar): | 882 |
| Resolution 5 (Dr. Padmini Srinivasan): | 885 |
| Resolution 6 (Mr. Yashish Dahiya): | 885 |
In all six resolutions, the promoter and promoter group category recorded no votes, with the entire voting participation coming from public institutional and public non-institutional shareholders. No invalid votes were recorded across any of the resolutions.
Process and Compliance
The postal ballot process was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI Listing Regulations. The Scrutinizer's Report was issued on May 8, 2026. The voting results and the Scrutinizer's Report have been submitted to the stock exchanges and will also be hosted on the company's website at www.delhivery.com . The disclosure was signed by Madhulika Rawat, Company Secretary & Compliance Officer (Membership No: F8765), on behalf of Delhivery Limited.
Historical Stock Returns for Delhivery
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.55% | +2.58% | +8.39% | +11.54% | +57.34% | -10.67% |
How might the appointment of Ms. Neelam Dhawan and the revised remuneration structures for independent directors influence Delhivery's corporate governance strategy and board effectiveness going forward?
Given that approximately 10% of votes were cast against Resolutions 1 and 2, what concerns might institutional shareholders have regarding the remuneration of Ms. Neelam Dhawan and Mr. Romesh Sobti?
With the promoter and promoter group recording zero votes across all resolutions, what does this signal about the ownership structure and potential future changes in Delhivery's shareholding pattern?
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