Key Corp members approved five special resolutions through a postal ballot conducted via remote e-voting, with results declared on August 19, 2026. The approvals pave the way for the appointment of two new independent directors, Yogesh Yashpaul Chadha and Devesh Srivastava, effective July 15, 2026, and expand the company's financial flexibility through enhanced borrowing limits.

The voting process ran from July 20, 2026, to August 18, 2026. A total of 4,148,281 votes were polled out of 6,000,000 outstanding shares, representing a 69.13% turnout. All five resolutions passed with overwhelming support, receiving 99.99% affirmative votes overall.

Director Appointments

The company disclosed that Mr. Yogesh Yashpaul Chadha (DIN: 01681680) and Mr. Devesh Srivastava (DIN: 08646006) have been appointed as Independent Directors with effect from July 15, 2026. Both directors will serve for a term of five consecutive years, commencing from July 15, 2026, to July 14, 2031.

Mr. Chadha is a Chartered Accountant with 37 years of professional experience in the financial services industry. He has held senior CXO positions at institutions such as HSBC, JP Morgan Chase, and DCB Bank. Currently, he serves as an Independent Director at Sharekhan Limited and Mirae Asset Financial Services (India), among others.

Mr. Srivastava brings extensive experience from the insurance sector, having served as the former Chairman & Managing Director of General Insurance Corporation of India - GIC Re. He holds a post-graduate degree in Management from MDI Gurgaon and has previously chaired the boards of GIC Re and GIC Housing Finance Ltd. He is currently the Chairman of Liberty General Insurance, India.

Neither director is related to any existing directors of the company, nor are they debarred from holding office by any SEBI order or other authority.

Other Resolutions Approved

In addition to the director appointments, the postal ballot approved:

• Borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Authorization to create security via charge, mortgage, or hypothecation under Section 180(1)(a) of the Companies Act, 2013.
• Alteration of the object clause in the Memorandum of Association.

Voting Breakdown

Promoter and promoter group shareholders held 4,144,519 shares and voted unanimously in favor of all resolutions. Public non-institutional shareholders polled 3,762 votes, with 98.86% voting in favor. No institutional public shareholders participated in the vote.

What the Numbers Show

The voting data reveals a distinct participation gap between promoter and public shareholders. While promoters cast 100% of their eligible votes, public non-institutional shareholders showed a participation rate of just 0.20%. Despite this low engagement from the retail base, dissenting votes were minimal, with only 43 votes cast against the resolutions, all originating from the public non-institutional segment.

Ankit Dhanotia of ADJ & Associates served as the scrutinizer for the process. The company has filed the requisite disclosures with BSE Limited as per Regulation 44(3) of the SEBI Listing Regulations and Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Corp Limited has scheduled an extraordinary general meeting (EOGM) for Tuesday, September 8, 2026, at 11:00 am to consider the re-appointment of Mr. Ravindra Kumar Tandon as an independent director. The meeting will be held through video conferencing or other audio-visual means, with the deemed venue at the company’s registered office in Kanpur. The notice was dispatched electronically on Monday, August 17, 2026, and published in The Pioneer and Swatantra Chetna newspapers.

The sole agenda item is a special resolution to approve Mr. Tandon’s re-appointment for a second term of five consecutive years, effective from June 9, 2026, to June 8, 2031. His first five-year term, which began on June 10, 2021, expired on June 9, 2026. Following the expiration, he was appointed as an additional director pending shareholder approval.

Governance and Committee Roles

The re-appointment follows a recommendation from the Nomination and Remuneration Committee and the Board of Directors. Mr. Tandon, who holds a Bachelor’s degree in science, brings over 45 years of experience in secondary market operations. He previously served as the President of the Uttar Pradesh Stock Exchange Association Ltd. Kanpur and as the Chairman of United Mercantile Co-operative Bank.

Currently, Mr. Tandon holds key governance positions within the company:

• Chairman of the Nomination and Remuneration Committee (NRC)
• Member of the Audit Committee (AC)
• Member of the Stakeholder Relationship Committee (SRC)

The board noted his active contribution and valuable guidance during his initial tenure as reasons for recommending his re-appointment. He is eligible for sitting fees, reimbursement of expenses at actuals, and commission as approved by shareholders.

Voting Process and Logistics

Shareholders whose names appear on the register of members as of the cut-off date, September 1, 2026, are entitled to vote. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting.

Physical attendance has been dispensed with pursuant to Ministry of Corporate Affairs circulars. Shareholders may join the virtual meeting 15 minutes before the scheduled time. The facility for participation via video conferencing will be available for 1,000 members on a first-come, first-served basis, excluding large members holding 2% or more shareholding, institutional investors, directors, and auditors.

Mr. Anand Khandelia, a practicing company secretary, has been appointed as the scrutinizer to oversee the e-voting process. The explanatory statement and relevant documents are available for electronic inspection on the company’s website and the BSE platform from the date of circulation until the meeting date.