Hyundai Motor India Limited has successfully concluded its postal ballot process with all four ordinary resolutions receiving overwhelming shareholder approval. The company announced the voting results on April 02, 2026, following the completion of remote e-voting that concluded on April 01, 2026.

Postal Ballot Process and Timeline

The postal ballot process was conducted entirely through remote e-voting in accordance with regulatory requirements. The e-voting period remained open from 09:00 AM on Tuesday, March 03, 2026, to 05:00 PM on Wednesday, April 01, 2026. The record date for determining eligible shareholders was set as February 25, 2026, with a total of 778,673 shareholders registered on that date.

BP & Associates, Company Secretaries from Chennai, served as the scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors at their meeting held on February 02, 2026, and issued their report on April 02, 2026.

Resolution Results Overview

All four ordinary resolutions presented to shareholders achieved the requisite majority for approval:

Director Appointment Resolution

The first resolution regarding the appointment of Mr. Dong Huwy Park (DIN: 09389394) as Whole-time Director (Non-Independent, Executive Director) received the highest approval rate at 99.56%. This resolution saw participation from 76,10,48,235 total votes, with promoter and promoter group showing 100% participation and approval.

Related Party Transaction Approvals

The remaining three resolutions focused on approving material related party transactions between Hyundai Motor India Limited and key associated entities. These transactions required shareholder approval under regulatory guidelines, with promoter groups abstaining from voting due to their interest in these resolutions.

The approval of material related party transactions with Mobis India Limited, Kia India Private Limited, and Hyundai Motor Company demonstrates strong shareholder confidence in the company's strategic partnerships and operational relationships.

Voting Participation Analysis

The voting pattern showed significant variation between resolutions. While the director appointment resolution saw participation from 76,10,48,235 votes (93.66% of outstanding shares), the related party transaction resolutions had lower participation at approximately 9,07,02,000 votes (11.16% of outstanding shares) due to promoter group abstention.

Public institutional investors showed strong participation across all resolutions, with approval rates consistently above 96% for all proposals. Public non-institutional investors also demonstrated support, though with slightly lower approval percentages ranging from 94% to 95%.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The company dispatched postal ballot notices electronically to shareholders whose email addresses were available with the company and depositories.

The scrutinizer's report confirms that all procedural requirements were met, and the voting results have been made available on the company's website at https://www.hyundai.com/in/en as per regulatory requirements.

Hyundai Motor India Limited (HMIL) has delivered exceptional performance in Q4 FY26, achieving its highest-ever quarterly domestic sales of 1,66,578 units with a robust 8.5% year-on-year growth. The company also set a new record for March domestic sales, demonstrating strong momentum in the Indian automotive market.

Q4 FY26 Performance Highlights

HMIL recorded comprehensive growth across all sales segments during the quarter ending March 2026. The company's total quarterly sales reached 2,08,275 units, representing an 8.7% year-on-year increase.

March 2026 Sales Achievement

The company concluded the quarter with strong March performance, achieving total monthly sales of 69,004 units with 2.5% year-on-year growth. Notably, HMIL recorded its highest-ever domestic sales for any March month at 55,064 units, marking a significant 6.3% year-on-year increase.

Management Outlook

Commenting on the sales results, Mr. Tarun Garg, MD & CEO of HMIL, expressed confidence in sustaining growth momentum with upcoming product interventions including the recently upgraded Hyundai VERNA and EXTER. The management remains optimistic about FY27 performance while staying mindful of prevailing geopolitical uncertainties.

Record-Breaking Performance

The Q4 FY26 domestic sales figure of 1,66,578 units represents HMIL's highest-ever quarterly domestic sales tally since the company's inception. This achievement, combined with the record March domestic sales performance, positions the company favorably for continued growth in the competitive Indian automotive landscape.