Sanco Trans Limited Re-appoints V. Upendran as Executive Chairman with 99.99% Shareholder Approval

Sanco Trans Limited successfully completed its postal ballot process on April 03, 2026, securing overwhelming shareholder approval for the re-appointment of Mr. V. Upendran as Executive Chairman. The special resolution received strong endorsement from shareholders, demonstrating confidence in the leadership's continued stewardship of the company.

Voting Results Overview

The postal ballot results revealed exceptional shareholder support for the resolution. The comprehensive voting data shows the level of participation across different shareholder categories.

Parameter:	Details
Total Shareholders on Record Date:	1,766
Total Shares Outstanding:	1,800,000
Total Votes Polled:	1,309,959
Voting Participation Rate:	72.78%
Votes in Favor:	1,309,934
Votes Against:	25
Approval Percentage:	99.99%

Category-wise Voting Breakdown

The voting pattern across different shareholder categories demonstrated strong consensus. The promoter and promoter group showed complete support for the resolution, while public shareholders also expressed overwhelming approval.

Category:	Shares Held	Votes Polled	Participation %	Votes in Favor	Approval Rate
Promoter and Promoter Group:	1,303,988	1,303,938	99.9962%	1,303,938	100.00%
Public - Non Institutions:	496,012	6,021	1.2139%	5,996	99.58%
Public - Institutions:	0	0	0.00%	0	0.00%

Postal Ballot Process Details

The postal ballot was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A. K. Jain & Associates, represented by Mr. Balu Sridhar, served as the scrutinizer for the electronic voting process.

Key process highlights include:

Notice Date: February 13, 2026
Cut-off Date: February 27, 2026
E-voting Period: March 04, 2026 (9:00 AM) to April 02, 2026 (5:00 PM)
Result Declaration: April 03, 2026

Executive Leadership Continuity

The re-appointment of Mr. V. Upendran (DIN: 00557511) as Executive Chairman ensures leadership continuity for Sanco Trans Limited. The company operates across multiple business verticals including container freight station operations, terminal operations, stevedoring, warehousing, customs brokerage, and freight forwarding services.

The electronic voting process was conducted through the platform provided by Central Depository Services (India) Limited (CDSL), ensuring secure and transparent participation for all eligible shareholders. The scrutinizer's report confirmed that no invalid votes were recorded during the process, reflecting the smooth conduct of the postal ballot procedure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-100.00%	-100.00%	-100.00%	-100.00%	-100.00%	-100.00%

Sanco Trans Limited announced key leadership and audit appointments following its Board of Directors meeting held on February 13, 2026. The board made strategic decisions regarding the company's executive leadership and internal audit functions for the upcoming period.

Executive Chairman Reappointment

The board reappointed Mr. V. Upendran as Executive Chairman for a three-year term effective April 01, 2026. This decision was made based on the recommendation of the Nomination and Remuneration Committee and remains subject to shareholder approval through a special resolution.

Parameter:	Details
Name:	Mr. V. Upendran
Position:	Executive Chairman
Term Duration:	Three consecutive years
Effective Date:	April 01, 2026
Approval Required:	Shareholder special resolution
Age:	80 years
Educational Background:	Graduate in Science from University of Madras

Leadership Experience

Mr. Upendran brings extensive experience to his continued role, having served as Managing Director since January 01, 1986. His leadership spans nearly four decades, during which he has guided the company's operations and strategic direction.

His professional credentials include significant positions across various industry bodies:

Important positions in various Chambers of Commerce
Trustee in Chennai Port Trust
President of The Chennai Customs House Agents' Association
President in National Association of Container Freight Stations

The appointment disclosure indicates his relationship with Mr. U. Udayabhaskar Reddy, who serves as Whole Time Director of the company.

Internal Auditor Appointment

The board also reappointed M/s. Sudarsanam and Associates as Internal Auditors for the financial year 2026-2027, following the Audit Committee's recommendation.

Parameter:	Details
Firm Name:	M/s. Sudarsanam and Associates
Position:	Internal Auditors
Term:	Financial Year 2026-2027
Establishment Year:	1989
Experience:	More than three decades
Current Portfolio:	Various Fintech Companies and Listed Companies

Audit Expertise

M/s. Sudarsanam and Associates, established in 1989, brings over three decades of audit experience to Sanco Trans Limited. The firm currently handles internal audit functions for various fintech companies and other listed entities, demonstrating their expertise in regulatory compliance and financial oversight.

Meeting Details

The Board meeting commenced at 05.30 PM and concluded at 07.55 PM on February 13, 2026. The company communicated these decisions to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with disclosure requirements.

These appointments reflect the company's commitment to maintaining experienced leadership and robust internal audit mechanisms as it continues its operations in the logistics and transportation sector.