Schaeffler India Limited has successfully completed its postal ballot voting process for the appointment of a new Non-Executive Non-Independent Director, receiving overwhelming shareholder approval. The company announced the results on March 14, 2026, following a month-long e-voting period that demonstrated strong investor confidence in the proposed appointment.

Appointment Details and Resolution

The postal ballot sought approval for the appointment of Mr. Maximilian Andreas Fiedler (DIN: 10406377) as a Non-Executive Non-Independent Director of Schaeffler India Limited through an ordinary resolution. The voting process was conducted entirely through electronic means, utilizing the e-voting facility provided by the National Securities Depository Limited (NSDL).

Voting Timeline and Process

The postal ballot process followed a structured timeline spanning several months, from the initial notice to the final declaration of results. The company established a comprehensive framework to ensure all eligible shareholders could participate in the voting process.

Comprehensive Voting Results

The postal ballot results demonstrated exceptional shareholder support across all categories. The resolution received approval from 99.95% of the valid votes cast, with only 0.05% voting against the appointment.

Scrutinizer's Oversight and Validation

The postal ballot process was overseen by Mr. Suresh Kumar Kabra, Partner at Samdani Kabra & Associates, Company Secretaries, who served as the appointed Scrutinizer. The scrutiny process involved comprehensive verification of the e-voting data downloaded from the NSDL website on March 14, 2026, at 05:07 P.M. IST in the presence of two independent witnesses.

Key aspects of the scrutinizer's validation included:

• Verification of 588 participating members who cast valid votes
• Confirmation of 14,57,68,665 votes in favor (99.95%)
• Validation of 74,305 votes against (0.05%)
• Total valid votes processed: 14,58,42,970

Regulatory Compliance and Documentation

The postal ballot was conducted in full compliance with regulatory requirements under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also adhered to the provisions of Sections 108 and 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.

The results were formally communicated to both BSE Limited (Company Code: 505790) and the National Stock Exchange of India Limited (Company Code: SCHAEFFLER) as required under the listing regulations. Company Secretary and VP-Legal Ashish Tiwari signed the official communication on March 14, 2026, ensuring proper documentation and regulatory compliance throughout the process. The results and scrutinizer's report were displayed on the company's notice board and website at www.schaeffler.co.in for public dissemination.

Schaeffler India Ltd. executed a substantial block trade on the National Stock Exchange (NSE), marking a significant transaction in the automotive components sector. The trade represents a notable institutional activity involving the German automotive supplier's Indian subsidiary.

Transaction Details

The block trade demonstrated considerable market activity with specific parameters that highlight the scale of the transaction.

Market Significance

Block trades typically represent large institutional transactions that occur outside the regular market mechanism. These transactions often involve mutual funds, insurance companies, foreign institutional investors, or other large stakeholders looking to buy or sell significant quantities of shares without impacting the regular market price discovery process.

The execution price of Rs. 4117.90 per share reflects the current market valuation for Schaeffler India's equity. Such transactions are usually pre-negotiated between parties and executed through the exchange's block deal window, ensuring transparency while minimizing market disruption.

About the Transaction

The Rs. 20.62 crore transaction represents a substantial movement in Schaeffler India's shares. Block deals are typically conducted by institutional investors, promoters, or large shareholders who need to transact in significant volumes. The specific nature of this transaction - whether it represents a buy or sell order - and the parties involved are part of the standard block trade disclosure process.