Styrenix Performance Materials Limited has officially declared the voting results of its postal ballot process for the re-appointment of a key executive, demonstrating strong shareholder confidence in the company's leadership. The chemical manufacturing company announced the results on April 15, 2026, following the completion of the remote e-voting process.

Postal Ballot Resolution Details

The company sought shareholder approval through a special resolution to re-appoint Mr. Ravishankar Balakoteswararao Kompalli (DIN: 06458292) as Whole-time Director for an additional term. The appointment covers a period of 2 years, effective from April 01, 2026 to March 31, 2028, with the director remaining liable to retire by rotation.

Voting Process and Timeline

The postal ballot was conducted exclusively through remote e-voting, adhering to provisions under Sections 108 and 110 of the Companies Act, 2013. The company dispatched the postal ballot notice on March 12, 2026, with the record date set as March 6, 2026. The e-voting facility remained accessible from March 16, 2026 (9:00 a.m.) to April 14, 2026 (5:00 p.m.).

CS Devesh A. Pathak served as the scrutinizer for the voting process, with votes being unblocked on April 14, 2026 at 5:17 p.m. in the presence of two independent witnesses - Mr. Yusuf Fatpurwala and Ms. Ruhin Shaikh.

Comprehensive Voting Results

The postal ballot received substantial participation from shareholders across different categories, with the resolution passing with a significant majority.

Shareholder Participation Analysis

Out of 46,856 total shareholders on the record date, 219 members participated in the e-voting process, representing 11,135,605 shares or 63.32% of the company's outstanding shares. The resolution received overwhelming support with 89.41% votes in favour and 10.59% against.

The promoter group demonstrated complete support with 100% votes in favour, while public non-institutional shareholders showed strong backing with 97.56% approval. Public institutional shareholders, though showing lower approval at 60.43%, still contributed to the overall positive outcome.

Regulatory Compliance and Declaration

The postal ballot process was conducted in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, particularly Regulation 44. The company published the dispatch notice in Business Standard (English) and Vadodara Samachar (Gujarati) on March 13, 2026, ensuring proper communication to all stakeholders.

The voting results were formally declared and submitted to BSE Limited and National Stock Exchange of India Limited on April 15, 2026, along with the scrutinizer's report. The successful completion of this postal ballot reinforces shareholder confidence in the company's leadership and strategic direction under the continued guidance of Mr. Kompalli as Whole-time Director.

Styrenix Performance Materials Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate was submitted to both BSE Limited and National Stock Exchange of India Limited on April 14, 2026, fulfilling the company's regulatory obligations under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the registrar and share transfer agent for Styrenix Performance Materials Limited. The document confirms that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories within prescribed timelines.

Certificate Confirmation

MUFG Intime India Private Limited confirmed in their certificate dated April 3, 2026, that:

• Securities received from depository participants for dematerialisation were confirmed (accepted/rejected) to depositories
• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within prescribed timelines

Company Information

Styrenix Performance Materials Limited, formerly known as INEOS Styrolution India Ltd., is registered in Gujarat with its office located at 9th Floor, 'SHIVA', Sarabhai Compound, Dr. Vikram Sarabhai Marg, Vadiwadi, Vadodara. The company trades on BSE with scrip code 506222 and on NSE under the symbol STYRENIX. The certificate was signed by Chintan Doshi, Manager – Legal & Company Secretary, and countersigned by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited.