EL Forge Limited shareholders approved two special resolutions for the appointment and re-appointment of Non-Executive Independent Directors through a postal ballot concluded on September 27, 2026. The e-voting results, declared on September 28, 2026, show overwhelming support for both candidates.

The resolutions pertained to the re-appointment of Shubha Ganesh (DIN: 01467766) and the appointment of M.S. Sivakaminathan (DIN: 02796536). Both individuals were proposed as Non-Executive Independent Directors. The voting process was conducted electronically via National Securities Depository Services (India) Limited, with the period running from August 28, 2026, to September 27, 2026.

Voting outcomes

Both resolutions passed by a significant majority. For Resolution No. 1, regarding the re-appointment of Shubha Ganesh, 84,23,400 votes were cast in favour, representing 99.959% of the total valid votes. Only 3,397 votes were cast against this resolution.

Similarly, for Resolution No. 2, concerning the appointment of M.S. Sivakaminathan, the vote tally was identical. 84,23,400 votes supported the appointment, while 3,397 votes opposed it. The total number of votes cast across both resolutions was 84,26,797.

Director profiles and terms

Shubha Ganesh is a Chartered Accountant with over three decades of professional experience in the financial sector. She is also an investment advisor. Her re-appointment is for a second term of five consecutive years, commencing September 29, 2026, and ending September 28, 2031. The disclosure notes no relationships between directors regarding this appointment.

M.S. Sivakaminathan’s appointment details were included in the same ballot, though specific profile details beyond his DIN were not elaborated in the summary table provided in the filing.

What the numbers show

The voting data reveals a high degree of alignment among participating shareholders. In both resolutions, the number of members voting in favour was 58, while 12 members voted against. The disparity in vote weight is stark: the 12 dissenting members held a combined 3,397 shares, whereas the 58 supporting members held 84,23,400 shares. This indicates that the dissenting votes came from retail or minority shareholders with negligible holdings compared to the institutional or promoter-led support base.

EL Forge Limited has initiated a postal ballot process to seek shareholder approval for the reappointment of Mrs. Shubha Ganesh and the appointment of Mr. M.S. Sivakaminathan as non-executive independent directors. The remote e-voting window is scheduled to open on August 28, 2026, and close on September 27, 2026.

Board Composition Changes

The company’s Board of Directors proposes these appointments to maintain statutory compliance with the Companies Act, 2013, and SEBI Listing Regulations regarding the composition of independent directors.

Mrs. Ganesh, a Chartered Accountant with over three decades of professional experience across various industries, was initially appointed as an additional director in July 2021. Her first term expired on July 29, 2026. The Board seeks her reappointment for a second consecutive term of five years, commencing September 29, 2026, and ending on September 28, 2031.

Mr. Sivakaminathan, a management professional from IIM Ahmedabad with more than four decades of experience in auto components, pharmaceuticals, and agriculture-based industries, was appointed as an additional director on August 5, 2026. The resolution seeks his formal appointment as an independent director for a five-year term ending August 4, 2031.

Director Profiles and Interests

Both candidates have provided declarations confirming their eligibility and independence under Section 149(6) of the Act and SEBI regulations. The Board has recommended these resolutions to members as special resolutions.

No other directors have expressed interest in these resolutions.

Voting Process Details

The postal ballot notice, dated August 12, 2026, was circulated electronically to members whose names appeared in the Register of Members or Beneficial Owners as of the cut-off date, August 21, 2026. National Securities Depository Limited (NSDL) has been engaged to provide the remote e-voting facility.

Members holding shares in physical or demat form as on the cut-off date are eligible to vote. The voting rights are proportional to the paid-up equity share capital held. Once cast, votes cannot be modified. Mrs. B. Venkatalakshmi, a practicing company secretary, has been appointed as the scrutinizer for the ballot.

The results of the postal ballot will be declared on or before September 28, 2026, at 5:00 pm. The outcome will be submitted to BSE Limited and displayed on the company’s website and NSDL’s e-voting portal.