Menon Pistons Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving all four proposed resolutions with requisite majority. The company disclosed the voting results on 23rd March 2026, following the conclusion of the e-voting period that remained open from 20th February 2026 to 21st March 2026.

Postal Ballot Process Overview

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013 and Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. DVD & Associates, Company Secretaries, served as the scrutinizer for the voting process, with Devendra V. Deshpande (FCS 6099, CP 6515) overseeing the fair and transparent conduct of the ballot.

Key Leadership Appointments

Chairman and Managing Director Re-appointment

Based on the recommendation of the Nomination and Remuneration Committee, shareholders approved the re-appointment of Mr. Sachin Menon (DIN: 00134488) as Chairman and Managing Director for a three-year term from February 1, 2026 to January 31, 2029. The resolution received strong support from public shareholders, with the promoter group abstaining due to their material interest.

Independent Director Appointment

Col Basavaraj K Kullolli (DIN: 11533574) was appointed as Independent Director for a three-year term from March 9, 2026 to March 8, 2029. The appointment received exceptional support with 99.84% approval rate, demonstrating strong shareholder confidence in the leadership choice.

Resolution Results and Voting Patterns

All four resolutions presented to shareholders received overwhelming support, with detailed voting patterns showing strong approval across different shareholder categories.

Regulatory Compliance and Governance

The postal ballot process adhered to all regulatory requirements, with promoter group abstaining from voting on resolutions where they had material interest, as mandated by applicable regulations. The scrutinizer's report confirmed the fair and transparent conduct of the entire voting process, with all votes being cast through the electronic platform provided by Link Intime India Private Limited.

The company has made the detailed voting results and scrutinizer's report available on its website at www.menonindia.in and the e-voting agency's website, ensuring complete transparency in the process. Company Secretary Pramod Suresh Suryavanshi (Membership No. A45514) signed the official disclosure submitted to BSE Limited under scrip code 531727.

Menon Pistons Limited has announced significant changes to its board composition, with the completion of Mr. Shrikant Sambhoos' tenure as Independent Director and the formal appointment of Col. Basavaraj K Kullolli as his replacement under Regulation 30 of SEBI (LODR) Regulations, 2015.

Director Transition Details

Mr. Shrikant Sambhoos (DIN: 08716109) completed his second term of three consecutive years as an Independent Director on March 10, 2026, ceasing to hold office from the closure of business hours on that date. The company has expressed appreciation for his valuable contribution and guidance during his association with the organization.

New Appointment: Col. Basavaraj K Kullolli

Col. Basavaraj K Kullolli has been appointed as Additional Director in the Non-Executive Independent Director category, effective March 9, 2026. The appointment follows the board meeting outcome dated January 28, 2026, and ensures compliance with listing regulations regarding board composition.

Professional Background: Col. Kullolli brings over 30 years of leadership experience in large, complex organizations with expertise in operational command, enterprise administration, procurement, and policy oversight. His qualifications include:

• Master of Business Administration (Finance & HR)
• Master of Science – Defense & Strategic Studies
• Bachelor of Arts, Jawaharlal Nehru University
• Defense Services Staff Course, Wellington
• Qualified Helicopter Pilot, Army Aviation Corps

Board Committee Reconstitution

Following the director transition, the company has reconstituted its board committees effective March 9, 2026, to maintain compliance with regulatory requirements.

Updated Committee Structure:

Regulatory Compliance

The formal disclosure confirms that Col. Kullolli holds no shares in the company and has no relationships with other directors. He does not hold directorships or committee memberships in any other listed entities. The appointment is subject to shareholder approval via postal ballot and is not liable for retirement by rotation.

The transition ensures continuity in board governance while maintaining the required composition of independent directors as per SEBI regulations. Company Secretary Pramod Suresh Suryavanshi has digitally signed the regulatory disclosures confirming these changes.