Federal-Mogul Goetze (India) Limited has successfully completed its postal ballot process, with shareholders decisively approving the appointment of Mr. Varun Dua as a Non-Executive Director. The company announced the voting results on March 26, 2026, following the conclusion of the e-voting period that ran from February 24, 2026 to March 25, 2026.

Overwhelming Shareholder Support

The ordinary resolution to appoint Mr. Varun Dua received exceptional support from shareholders across all categories. The voting results demonstrate strong confidence in the proposed appointment:

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Jaya Yadav, a Practicing Company Secretary from Jaya Yadav & Associates, served as the scrutinizer for the e-voting process.

Key process details include:

• Cut-off Date: February 13, 2026
• E-voting Period: February 24, 2026 (9:00 AM) to March 25, 2026 (5:00 PM)
• Notice Date: February 10, 2026
• Results Declaration: March 26, 2026

Scrutinizer's Oversight

The voting process was conducted through National Securities Depositories Limited (NSDL) platform, ensuring transparency and security. The scrutinizer's report confirmed that the resolution was passed with the requisite majority. Two independent witnesses, Ms. Kamakshi Sharma and Ms. Anushree Khunteta, who are not employed by the company or NSDL, witnessed the vote counting process.

Corporate Governance

Dr. Khalid Iqbal Khan, Whole-time Director - Legal & Company Secretary, submitted the voting results to both BSE Limited and National Stock Exchange of India Limited. The company has made the complete voting results and scrutinizer's report available on its website for stakeholder transparency.

The successful completion of this postal ballot process demonstrates Federal-Mogul Goetze's commitment to proper corporate governance practices and regulatory compliance while securing strong shareholder backing for its board composition decisions.

Federal mogul goetze (India) Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Varun Dua as a Non-Executive Director. The notice, dated February 23, 2026, was sent to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Details

The company has initiated the postal ballot process to seek approval from members for Mr. Varun Dua's appointment as a Non-Executive Director through remote electronic voting only. The voting process is being conducted in compliance with MCA Circulars, with the notice sent electronically to shareholders whose email addresses are registered with the company or depository participants.

Director Appointment Details

Mr. Varun Dua (DIN: 11476435) was initially appointed as an Additional Director by the Board of Directors in their meeting held on January 8, 2026, with effect from January 12, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee. The company has received the requisite notice under Section 160 of the Companies Act 2013 from a member proposing his candidature as Non-executive Director, liable to retire by rotation.

Professional Background

Mr. Dua brings extensive finance experience to the board, with over 20 years in strategic and operational finance leadership roles at Fortune 100 companies. His professional journey includes significant tenures at General Electric and Walmart, as well as private equity and venture capital-backed companies.

His career began in public accounting and risk consulting at Ernst & Young. At General Electric, he progressed through various finance roles across CFO, FP&A, manufacturing finance, supply chain, and controllership, with assignments spanning the United States, Europe, and Asia. Subsequently, he held senior finance leadership roles at Walmart International and at Visby Medical, where he led FP&A and operations finance.

Educational Qualifications

Mr. Dua holds an MBA from the University of Chicago Booth School of Business and an MBA in Finance and Marketing from Narsee Monjee Institute of Management Studies, Mumbai. He is also a qualified Chartered Accountant.

Voting Process and Compliance

The postal ballot notice is available on the company's website at www.federalmogulgoetzeindia.net , on the websites of BSE and NSE, and on NSDL's website. Shareholders can cast their votes through NSDL's e-voting platform during the specified period. The voting rights will be proportionate to shareholders' equity shareholding as on the cut-off date. The resolution, if passed by requisite majority, will be deemed to have been passed on March 25, 2026, being the last date specified for e-voting.

The Board of Directors has recommended the appointment, considering that Mr. Dua's knowledge and experience would be of immense benefit to the company. The appointment is proposed as an Ordinary Resolution without any remuneration payable for his role as Non-Executive Director.