Kalyan Jewellers India Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of two new independent directors to the company's board. The voting results, announced on March 16, 2026, demonstrate strong shareholder confidence in the proposed board appointments.

Postal Ballot Process Details

The postal ballot was conducted entirely through electronic voting, with the process spanning from February 13, 2026, at 9:00 AM to March 14, 2026, at 5:00 PM. The company utilized the services of National Securities Depository Limited (NSDL) to facilitate the e-voting process through their designated website.

Board Appointment Results

Both resolutions received exceptional support from shareholders across all categories. The first resolution for Ms. Radhika Ramani's appointment garnered 841,619,580 votes in favour, representing 99.97% of the total votes cast. Similarly, Mr. C.R. Rajagopal's appointment received 841,593,564 votes in favour, also achieving 99.97% approval.

Resolution 1: Ms. Radhika Ramani Appointment

Resolution 2: Mr. C.R. Rajagopal Appointment

Director Appointments

Ms. Radhika Ramani (DIN: 11224935) and Mr. C.R. Rajagopal (DIN: 08853688) have been appointed as Non-Executive Independent Directors for a term of five years each. Both appointments were classified as special resolutions, requiring a higher threshold of shareholder approval.

Scrutinizer's Validation

The postal ballot process was overseen by M R Thiagarajan (Membership No ACS-5327/COP: 6487), Practicing Company Secretary, who served as the appointed scrutinizer. The scrutinizer confirmed that both special resolutions were passed with the requisite majority, with the approval deemed effective from March 14, 2026, the last date of e-voting. The voting results and scrutinizer's report have been made available on the company's website.

Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. The disclosure of voting results complies with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published requisite notices in The Indian Express (English) and Deepika (Malayalam) newspapers on February 13, 2026, ensuring wide circulation of the postal ballot information. The results were declared by Chairman Mr. Vinod Rai on March 16, 2026.

Kalyan jewellers India Limited has successfully allotted 77,545 equity shares to eligible employees under its Employee Stock Option Plan 2020 (ESOP 2020). The allotment was approved by the Nomination & Remuneration Committee of the Board of Directors on March 09, 2026, pursuant to the exercise of vested options by employees.

Share Allotment Details

The company issued the shares with specific terms and pricing structure as outlined in the regulatory disclosure:

Impact on Share Capital

The ESOP allotment has resulted in changes to the company's overall share capital structure:

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company had initially filed the ESOP statement with stock exchanges on April 19, 2022, under filing numbers BSE-DCS/IPO/TL/ESOP IP/2296/2022-23 and NSE-NSE/LIST/31481.

Share Characteristics and Listing

The newly allotted equity shares carry identical rights and privileges as existing shares of the company. Key features include:

• No lock-in period applicable
• Shares rank pari passu with existing equity shares
• Listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE)
• ISIN number: INE303R01014

Kalyan Jewellers confirmed that the company is currently completing formalities for listing the newly allotted shares on both stock exchanges. The ESOP 2020 scheme continues to serve as an employee retention and incentive mechanism for the jewelry retailer.