Info Edge (India) Limited has issued a postal ballot notice seeking member approval for the appointment of two key board members. The company proposes to ratify the appointment of Himanshu Agarwal as Whole-time Director and Chief Financial Officer, and Naresh Chand Gupta as a Non-Executive Independent Director.

The voting period for these resolutions runs from October 14, 2026, to November 12, 2026. Members holding shares as of the cut-off date, October 9, 2026, are eligible to cast their votes exclusively through remote e-voting. Physical postal ballot forms will not be dispatched in compliance with Ministry of Corporate Affairs circulars.

Appointment of Himanshu Agarwal

The first resolution seeks approval for the appointment of Himanshu Agarwal (DIN: 06672915) as a Whole-time Director designated as Chief Financial Officer. He was initially appointed as an Additional Director effective September 17, 2026. The proposed term is five years, concluding on September 16, 2031.

Mr. Agarwal brings over three decades of experience in finance leadership and corporate governance. His remuneration package includes a fixed pay scale of ₹3.5 million to ₹8.54 million per month, variable pay capped at 60% of fixed pay, and perquisites up to 15% of fixed pay. Additionally, he is entitled to a one-time joining bonus of ₹5 million and a special bonus of ₹5 million upon completing 12 months of service.

Reappointment of Naresh Chand Gupta

The second resolution proposes the appointment of Naresh Chand Gupta (DIN: 00172311) as a Non-Executive Independent Director for a term of five years, effective October 1, 2026. Mr. Gupta previously served as an Independent Director from April 2014 to March 2023. He has completed the mandatory three-year cooling-off period prescribed under Section 149(11) of the Companies Act, 2013, making him eligible for reappointment.

Mr. Gupta holds a PhD from the University of Maryland and has extensive experience in technology, artificial intelligence, and fund management. He currently serves as an independent director at eClerx Services Limited and NoPaperForms Solutions Limited.

Voting Procedure and Timeline

Remote e-voting commenced on October 14, 2026, at 9:00 am and will conclude on November 12, 2026, at 5:00 pm. Votes can be cast through the InstaVote platform managed by MUFG Intime India Private Limited. Institutional shareholders must submit scanned copies of their board resolutions or authority letters to the scrutinizer.

Results will be declared within statutory timelines following the close of voting. The resolutions, if passed, shall be deemed effective on the last day of the e-voting period.

Info Edge (India) Ltd approved a total investment of about ₹200 crore in two of its wholly owned subsidiaries, Startup Internet Services Limited (SISL) and Startup Investments (Holding) Limited (SIHL). The decision, taken at a board meeting on October 13, 2026, aims to support these entities in exploring investment opportunities and contributing to Alternative Investment Funds (AIFs).

The board authorized an investment of about ₹100 crore in SISL. At present, the company has agreed to acquire 20,000,000 equity shares of SISL with a face value of ₹10 each, aggregating to a consideration of about ₹20 crore. The remaining balance of about ₹80 crore will be infused in one or more tranches over the next year, depending on SISL's future fund requirements.

Similarly, the board approved an investment of about ₹100 crore in SIHL. The company agreed to acquire 83,94,895 equity shares of SIHL, having a face value of ₹10 each, at a premium of ₹19.78 per share. This initial tranche aggregates to a consideration of about ₹25 crore. The balance amount of about ₹75 crore is scheduled for infusion within one year from the approval date, subject to prevailing terms and conditions.

Subsidiary Financial Position

Both target entities are wholly owned subsidiaries and are engaged in internet services and tech investments respectively. The disclosures indicate that neither entity reported turnover in the last three fiscal years, highlighting their role as holding or investment vehicles rather than operational revenue generators.

Note: Figures as on March 31, 2026.

What the Numbers Show

A distinct divergence exists between the net worth and the approved capital infusion for SIHL. While SIHL holds a substantial net worth of ₹203.31 crore, it recorded a marginal loss of ₹0.02 crore in FY26. The approval to inject another ₹100 crore suggests Info Edge is aggressively deploying capital into this holding vehicle despite its lack of operational turnover, likely to strengthen its balance sheet for upcoming AIF contributions or direct tech investments. In contrast, SISL, with a smaller net worth of ₹5.45 crore, receives a similar ₹100 crore commitment, indicating a significant scaling-up of its capacity relative to its current size.