Ingersoll-Rand (India) Limited has submitted the voting results for its Annual General Meeting conducted through electronic voting on April 29, 2026. The company disclosed the outcome pursuant to Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer's report, dated April 30, 2026, confirms that the resolution was passed with the requisite majority.

The primary business transacted at the meeting was the re-appointment of Mr. P.R. Shubhakar (DIN: 06688703) as Whole-time Director of the company and fixing his remuneration. The resolution was classified as an ordinary resolution and was put to vote through remote e-voting. The e-voting facility was open from 9:00 A.M. IST on March 30, 2026, to 5:00 P.M. IST on April 29, 2026.

Voting Results Summary

The voting process saw participation from 38,834 shareholders on the record date. The total number of votes polled stood at 26,442,926, representing 83.76% of the outstanding shares. The resolution received overwhelming approval with 26,435,115 votes in favor and only 7,811 votes against. There were no invalid votes recorded during the process.

Scrutinizer's Report

Mr. Akshay Govindraj, Company Secretary in whole-time practice and Partner at M/s. Govindraj Akshay & Associates, served as the scrutinizer for the e-voting process. The votes were unblocked on April 29, 2026, after 5:00 P.M. in the presence of two independent witnesses, Ms. Rose Agarwalla and Mr. Aroop Prabhu. The scrutinizer certified that the number of votes cast in favor of the resolution exceeded the votes against it, confirming passage with the requisite majority.

The voting results and scrutinizer's report have been made available on the company's website. The resolution for the re-appointment of Mr. P.R. Shubhakar as Whole-time Director was approved by 238 members, while 14 members voted against the proposal. The company has informed both BSE Limited and National Stock Exchange of India Limited about the voting outcome.

Ingersoll Rand (India) Limited has issued a postal ballot notice seeking shareholder consent for the re-appointment of Mr. P. R. Shubhakar as Whole-time Director and Chief Financial Officer. The company filed the notice with stock exchanges on March 27, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations.

Re-appointment Details

The Board of Directors, at its meeting held on February 12, 2026, approved the re-appointment of Mr. P. R. Shubhakar (DIN: 06688703) as Whole-time Director for a period of two years, effective from March 7, 2026, to March 6, 2028. The re-appointment is subject to shareholder approval through an ordinary resolution.

Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for shareholders. The voting will be conducted entirely through electronic means, with no physical ballot forms being circulated.

Professional Background

Mr. Shubhakar brings extensive experience to his role, having joined Ingersoll-Rand (India) Limited in August 2000. He holds qualifications as both a Chartered Accountant and Company Secretary, with a Bachelor of Commerce degree from Bangalore University.

His professional expertise spans multiple areas:

• General & Financial Management
• Controllership and Credit & Collection
• Financial Planning & Reporting
• Direct & Indirect Taxation
• Banking & Treasury operations
• Risk Management and Compliance
• Mergers & Acquisitions
• Company Law and Stock Exchange compliance

Prior to joining the company, he worked with manufacturing organizations including Philips India Limited and Kirloskar Group of companies. He currently serves as Chairman of the Corporate Social Responsibility Committee and as a Member of the Risk Management Committee.

Remuneration Structure

The proposed remuneration package for Mr. Shubhakar's re-appointment includes comprehensive compensation and benefits:

The allowances comprise house rent allowance, leave travel allowance, and special allowance as per company policies. Annual increments will be determined by the Board based on individual and company performance.

Additional Benefits

Beyond the fixed compensation, Mr. Shubhakar will be entitled to:

• Annual Bonus: Performance-based variable pay up to 200% of eligible bonus (18% of annual basic salary and allowances)
• Medical Benefits: Group medical benefit scheme coverage for him and his family
• Insurance: Personal accident insurance as per company policies
• Retirement Benefits: Provident fund contributions and gratuity payments
• Expense Reimbursement: Travel, entertainment, and business-related expenses
• Leave Benefits: Earned, privilege, and sick leave with encashment facility

Regulatory Compliance

The re-appointment aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. As per Regulation 17(1C) of SEBI LODR, director appointments require shareholder approval at the next general meeting or within three months of appointment.

The company has appointed M/s. Govindraj Akshay & Associates as scrutinizers for the postal ballot process. Results will be communicated to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed, and will be available on the company website.

Shareholders whose email addresses are registered with the company or depositories as of the cut-off date will receive the postal ballot notice electronically. The resolution, if approved by requisite majority, will be deemed passed on April 29, 2026.