Sreeleathers shareholders have approved the appointment of Mr. Bhaskar Chatterjee (DIN: 11607714) as an independent director for a five-year term, not liable to retire by rotation. The company announced the results of its postal ballot on August 14, 2026, confirming that the special resolution was passed with the requisite majority under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The e-voting process ran from July 14, 2026, at 9:00 am to August 12, 2026, at 5:00 pm. As of the record date of July 3, 2026, the company had 11,288 shareholders. A total of 16,079,186 votes were polled, representing 69.44% of the outstanding shares held by eligible voters.

Voting Breakdown

The promoter and promoter group held 17,366,194 shares and cast 13,646,269 votes, with 100% in favor of the resolution. Public institutional holders, who owned 1,597,255 shares, did not participate in the e-voting process.

Public non-institutional shareholders held 4,191,563 shares and polled 2,432,917 votes. Of these, 2,410,607 votes were cast in favor (99.08%), while 22,310 votes were against (0.92%).

Scrutinizer’s Report

Pawan Kumar Agarwal, Partner at Pawan Vani & Associates, Chartered Accountants, served as the scrutinizer for the postal ballot. The report confirmed that the notice was sent electronically to members registered with email addresses as of the cut-off date, in compliance with Ministry of Corporate Affairs circulars. Advertisements were published in The Echo of India and Arthik Lipi on July 14, 2026.

The final data was downloaded from the Central Depository Services (India) Limited (CDSL) platform on August 14, 2026, at 12:07 pm, in the presence of two independent witnesses. No physical ballot forms were received. The promoters were not interested in the resolution.

What the Numbers Show

The voting results highlight a clear divergence in participation between shareholder categories. While the promoter group demonstrated high engagement with a 78.58% turnout ratio (votes polled to shares held), public institutional investors recorded zero participation despite holding nearly 1.6 million shares. This lack of institutional input means the outcome was driven almost entirely by promoter backing and retail/non-institutional public shareholders, who showed strong alignment with the board's proposal.

Sreeleathers Limited has commenced the e-voting process to seek shareholder approval for the appointment of Mr. Bhaskar Chatterjee as an Independent Director. The remote e-voting facility is available from July 14, 2026, at 9.00 a.m. to August 12, 2026, at 5.00 p.m. This governance measure aims to strengthen the board structure with an independent voice, leveraging the candidate's extensive experience in the retail and FMCG sectors. The resolution requires a special majority to be passed.

The Board of Directors, at its meeting held on July 6, 2026, appointed M/s. Pawan Vani & Associates, Chartered Accountants, as the scrutinizer to oversee the postal ballot process. The company has engaged the services of Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting system. The resolution, if passed by the requisite majority, will be deemed to have been passed on the last date of voting.

Calendar of Events for Postal Ballot

Mr. Bhaskar Chatterjee (DIN: 11607714) was appointed as an Additional Director in the capacity of an Independent Director effective May 29, 2026. The special resolution seeks member approval for his appointment for a period of five years from May 29, 2026. The explanatory statement highlights his over 30 years of experience in retail operations, sales, and distribution, noting that he meets the criteria for independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The postal ballot notice has been dispatched electronically to members whose email addresses are registered with the company or depositories as on the cut-off date. Shareholders holding shares in physical form or non-individual shareholders can access the e-voting facility through the CDSL platform, while individual shareholders holding shares in demat mode can vote via their depository accounts. The results of the postal ballot will be announced on or before August 14, 2026, and subsequently intimated to the National Stock Exchange of India Ltd. and BSE Ltd.

The company has submitted the newspaper advertisement released on July 14, 2026, in "The Echo of India" and "Arthik Lipi" to the stock exchanges as per Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.