Salzer Electronics Limited has announced a postal ballot notice for seeking shareholder approval regarding the re-appointment of its Managing Director. The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process for this corporate governance matter.

Advertisement Publication and Regulatory Compliance

The company has published advertisement notices in Tamil and English dailies regarding the postal ballot and opening of special window for re-lodgment of transfer requests of physical shares. This publication was formally communicated to stock exchanges on March 19, 2026, through an official letter signed by Company Secretary K M Murugesan, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Re-appointment Details

The postal ballot seeks approval for the re-appointment of Mr. R Doraiswamy (DIN: 00003131) as Managing Director for a three-year term commencing May 01, 2026. His current tenure as Managing Director concludes on April 30, 2026. The Nomination and Remuneration Committee and Board of Directors recommended his re-appointment at their meetings held on February 11, 2026.

Proposed Remuneration Structure

The resolution outlines a comprehensive remuneration package for the Managing Director's re-appointment. The proposed salary structure includes monthly compensation with annual increments and performance-linked commission.

Additional perquisites include leave travel concession, personal accident insurance premium up to Rs. 50,000 per annum, club fees for maximum two clubs, and standard retirement benefits including provident fund, gratuity, and leave encashment.

E-voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process with specific dates for shareholder participation. The e-voting facility will be available exclusively through NSDL's platform.

Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date will be eligible to participate in the e-voting process. The postal ballot notice is being sent electronically to members whose email addresses are registered with the company or depositories.

Corporate Governance Framework

The re-appointment requires special resolution approval as Mr. Doraiswamy has attained 83 years of age, necessitating compliance with Section 196(3)(a) read with Schedule V of the Companies Act, 2013. The company has cited his exemplary track record, leadership continuity, and invaluable contribution to growth and governance standards as justification for the continuation.

Mr. Doraiswamy, holding a Bachelor's Degree in Electrical Engineering, is the Promoter Director and founding Managing Director who has been the driving force behind the company's sustained progress since inception. He currently holds 3,16,619 equity shares representing 1.79% of the company's shareholding and attended all five Board meetings held in FY25.

Salzer Electronics has announced the signing of a Memorandum of Understanding with Wirepas, a global leader in wireless mesh integration headquartered in Finland. The partnership will integrate the Wirepas Certified platform into smart electricity meters, delivering next-generation metering solutions that help utilities operate more efficiently and intelligently across India.

Partnership Framework and Technology Integration

The collaboration centers on incorporating the Wirepas Certified platform into Salzer's smart electricity meters. This platform enables meters to form a self-optimizing, collaborative network that automatically adjusts to ensure uninterrupted data flow across urban, rural and mixed infrastructure environments.

Executive Perspectives on Strategic Alliance

Lakshminarayana (LN), Vice President at Salzer, emphasized the partnership's significance: "Smart metering is about empowering utilities with accurate, reliable and adaptable technology. With the Wirepas Certified platform, we can offer solutions that not only meet current industry standards but are prepared for the challenges of tomorrow's grids. This partnership strengthens our vision of creating truly intelligent energy systems."

Sebastian Pellorce, SVP AMI India at Wirepas, added: "Salzer's adoption of the Wirepas Certified platform demonstrates a forward-looking approach to smart metering. It's about building networks that utilities can trust for years to come."

Technology Benefits and Market Impact

The Wirepas Certified platform allows utilities to benefit from reliable performance without the need for extensive additional infrastructure, enabling smarter energy management at every scale. By leveraging the platform's adaptive capabilities, Salzer meters work together to ensure network resilience, scalability and operational efficiency, helping utilities deliver consistent service to customers while reducing operational complexity.

Company Positioning in Energy Infrastructure

This partnership reinforces Salzer Electronics' commitment to innovation, interoperability and building resilient energy infrastructure across India. The adoption highlights the company's dedication to strengthening its position in the smart metering market while delivering advanced technological solutions to the utilities sector.