GNA Axles Limited has successfully concluded its postal ballot and e-voting process, with shareholders demonstrating strong support for key leadership appointments. The company announced on March 14, 2026, that all three special resolutions proposed in the notice dated February 6, 2026, were approved with overwhelming majority.

Voting Process and Timeline

The remote e-voting process remained open from 9:00 AM on February 12, 2026, to 5:00 PM on March 13, 2026. The voting rights were determined based on the cut-off date of February 6, 2026. Ms. Harsimran Kaur, Proprietor of HK & Associates Company Secretaries, served as the scrutinizer for the voting process, ensuring transparency and compliance with regulatory requirements.

The company published advertisements in Financial Express (English) and Rozana Spokesman (vernacular) on February 12, 2026, informing shareholders about the voting process and procedures.

Resolution Results

All three special resolutions received substantial shareholder approval with detailed voting breakdowns:

Detailed Voting Analysis

The voting pattern showed strong support across different shareholder categories:

Resolution 1: Executive Vice Chairman Reappointment

• Promoter and Promoter Group: 26,591,015 votes (100.00% in favor)
• Public Institutions: 5,054,048 votes (100.00% in favor)
• Public Non Institutions: 65,827 votes (38.24% in favor, 61.76% against)

Resolution 2: Managing Director & CEO Reappointment

• Promoter and Promoter Group: 26,591,015 votes (100.00% in favor)
• Public Institutions: 5,054,048 votes (100.00% in favor)
• Public Non Institutions: 65,827 votes (99.01% in favor)

Resolution 3: Whole-time Director Reappointment

• Promoter and Promoter Group: 26,591,015 votes (100.00% in favor)
• Public Institutions: 5,054,048 votes (93.37% in favor)
• Public Non Institutions: 65,827 votes (99.01% in favor)

Leadership Appointments

The approved resolutions will take effect from April 1, 2026:

Regulatory Compliance

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complied with Regulation 30 and 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting process followed guidelines issued through various MCA General Circulars and SEBI circulars, enabling electronic voting as the primary method for shareholder participation. Link Intime (India) Private Limited served as the authorized agency providing e-voting facilities.

Scrutinizer's Validation

Ms. Harsimran Kaur conducted the vote counting process on March 13, 2026, at 5:07 PM in the presence of two independent witnesses: Aditya Sharma and Akshay Kumar. The scrutinizer confirmed that all votes were properly reconciled with company records and that each resolution was passed with the requisite majority.

The results were declared at the company's registered office at 4:00 PM on March 14, 2026, and communicated to BSE Limited and the National Stock Exchange of India Limited as per regulatory requirements. Gourav Jain, Company Secretary, signed the official documentation confirming the voting results.

GNA Axles Limited has issued a comprehensive postal ballot notice seeking shareholder approval for the reappointment of three executive directors through special resolutions. The notice, dated February 6, 2026, outlines the company's proposal to ensure leadership continuity by extending the tenure of key management personnel.

Director Reappointment Proposals

The postal ballot encompasses three critical appointments that require shareholder approval through special resolutions:

Remuneration Structure

The proposed remuneration packages reflect the seniority and responsibilities of each position. Both Mr. Jasvinder Singh and Mr. Ranbir Singh are proposed to receive monthly remuneration in the scale of Rs. 10,00,000-50,000-12,00,000, while Mr. Maninder Singh's remuneration is structured at Rs. 600000-50,000-7,00,000 per month. Additionally, both senior executives will be entitled to a commission of 1 percent on the company's before-tax profits annually.

The remuneration packages include comprehensive perquisites covering housing allowances, medical reimbursements, leave travel concessions, club fees, and provision of company car and telephone facilities. These benefits are structured to not exceed one year's salary during each year of appointment.

E-Voting Process and Timeline

The company has implemented a comprehensive e-voting mechanism to facilitate shareholder participation:

Regulatory Compliance and Justification

The reappointments are being sought through special resolutions in compliance with Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates shareholder approval through special resolution when the aggregate remuneration payable to executive directors who are promoters exceeds 5% of the company's net profits.

The company has highlighted the extensive experience of the proposed appointees, with Mr. Jasvinder Singh bringing over 43 years of experience in the auto components industry, Mr. Ranbir Singh contributing more than 42 years of expertise, and Mr. Maninder Singh offering over 39 years of industry experience. All three directors have been associated with the company since its inception and have played pivotal roles in its growth and expansion.

Shareholder Communication

The postal ballot notice has been distributed exclusively through electronic mode to shareholders whose email addresses are registered with the company or depositories as of the cut-off date. The notice is accessible on the company's website at www.gnaaxles.in and the e-voting agency's portal at www.instavote.linkintime.co.in . The company has ensured comprehensive accessibility by providing detailed instructions for various categories of shareholders, including those holding securities in demat mode with NSDL, CDSL, and physical form holders.