Schaeffler India Limited announced that its members have approved two key director appointments following a postal ballot voting process concluded on September 25, 2026. The resolutions, passed with overwhelming majority support, include the appointment of Christophe Hannequin as a Non-Executive Non-Independent Director and Chetan Kumar Maini as an Independent Director.

The voting period for the postal ballot ran from August 27, 2026, to September 25, 2026. The company disclosed these results pursuant to Regulation 30 and Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutiny was conducted by Suresh Kumar Kabra of Samdani Kabra and Associates, confirming the validity of the electronic votes cast.

Voting outcomes for director appointments

The first resolution sought approval for the appointment of Christophe Hannequin (DIN: 11696328) as a Non-Executive Non-Independent Director. This was passed as an Ordinary Resolution. The second resolution sought approval for Chetan Kumar Maini (DIN: 01612229) as an Independent Director, passed as a Special Resolution.

Shareholder participation details

The postal ballot utilized remote e-voting facilities provided by the National Securities Depository Limited (NSDL). A total of 72,876 shareholders were recorded as on the cut-off date of August 21, 2026. The total number of valid votes cast across both resolutions stood at 146,556,785.

For the appointment of Christophe Hannequin, 663 members voted in favour, casting 146,464,491 votes, while 30 members voted against, casting 92,294 votes. For the appointment of Chetan Kumar Maini, 674 members voted in favour, casting 146,552,085 votes, with only 19 members voting against, representing 4,700 votes.

What the numbers show

A comparison of the voting patterns reveals a divergence in shareholder sentiment between the two appointments. While both resolutions passed comfortably, the Independent Director appointment (Chetan Kumar Maini) received near-unanimous support from institutional investors, with only 3,228 votes against out of over 30 million institutional votes polled. In contrast, the Non-Executive Non-Independent Director appointment (Christophe Hannequin) saw slightly higher dissent from public institutions, with 91,374 votes against. This suggests that institutional investors may have had specific reservations regarding the Non-Executive Non-Independent role that were not present for the Independent Director role, although both candidates secured well above the requisite majority thresholds.

Schaeffler India disclosed that ESG Risk Assessments & Insights Limited assigned the company an ESG score of 65. The disclosure was made to stock exchanges on September 23, 2026.

The company clarified that it did not engage the rating agency for this assessment. ESG Risk Assessments & Insights Limited independently prepared and voluntarily issued the report. The evaluation relied solely on Schaeffler India's public disclosures and other publicly available data.

Disclosure details

The filing was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was directed to BSE Limited and National Stock Exchange of India Limited.

The document was signed by Ashish Tiwari, General Counsel and Company Secretary. The agency's independence ensures the score reflects external observation rather than a commissioned audit.