Subros Limited has officially submitted the results of its postal ballot process to the National Stock Exchange and BSE Limited, confirming shareholder approval for two director appointments. The automotive component manufacturer filed the e-voting results on March 14, 2026, pursuant to Regulation 44 of SEBI Listing Regulations.

Official Filing and Regulatory Compliance

The company submitted comprehensive documentation to both stock exchanges, including the scrutinizer's report and detailed voting results. Company Secretary Kamal Samtani signed the official submission, confirming that all resolutions were passed with requisite majority as required under the Companies Act, 2013.

Postal Ballot Process Overview

The postal ballot was conducted exclusively through remote e-voting, with National Securities Depository Limited serving as the designated voting agency. The process commenced on February 11, 2026, and concluded on March 12, 2026, with 55,333 total shareholders eligible to participate as of the cut-off date.

Director Appointment Results

Both proposed director appointments received substantial shareholder support. The first resolution for Mr. Naohisa Kuriyama's appointment as Nominee Director achieved 93.69% approval, while the second resolution for Mr. Tsunenobu Hori's appointment as Alternate Director secured 89.49% approval.

Resolution 1: Mr. Naohisa Kuriyama (DIN: 10047865) - Nominee Director

Resolution 2: Mr. Tsunenobu Hori (DIN: 11488901) - Alternate Director

Scrutinizer Validation and Member Participation

CS Ravi Sharma of RSM & Co. Company Secretaries served as the appointed scrutinizer and confirmed that both resolutions were passed with requisite majority. The scrutinizer's report, dated March 13, 2026, validated the entire voting process conducted in accordance with Section 110 of the Companies Act, 2013.

A total of 329 members participated in the voting process, representing 56,473,367 shares or 86.57% of the company's total outstanding shares. The high participation rate demonstrates strong shareholder engagement, with no invalid votes recorded in either resolution. The company published mandatory newspaper advertisements in Financial Express and Jansatta on February 11, 2026, ensuring proper communication to all shareholders.

Subros Limited has issued a postal ballot notice to shareholders seeking approval for key board appointments, as the automotive components manufacturer moves to strengthen its leadership structure with nominees from its Japanese partner DENSO Corporation.

Director Appointments Proposed

The company has proposed two significant board appointments through ordinary resolutions. Mr. Naohisa Kuriyama (DIN: 10047865) is being appointed as Nominee Director of DENSO Corporation, Japan, while Mr. Tsunenobu Hori (DIN: 11488901) will serve as his Alternate Director, both positions effective from January 30, 2026.

E-Voting Timeline and Process

The remote e-voting process has been structured to ensure comprehensive shareholder participation. The voting period will commence on Wednesday, February 11, 2026 at 9.00 a.m. (IST) and conclude on Thursday, March 12, 2026 at 5.00 p.m. (IST). Results will be declared on or before Saturday, March 14, 2026 at 5.00 p.m.

Regulatory Compliance

The appointments align with SEBI Listing Regulations requirements, specifically Regulation 17(1C), which mandates shareholder approval for director appointments within three months or at the next general meeting, whichever is earlier. The company must obtain approval by April 29, 2026 to comply with regulatory timelines.

Leadership Profiles

Mr. Naohisa Kuriyama currently serves as Head of Thermal Management Systems Business Unit at DENSO Corporation, Japan, with responsibility for passenger vehicle segment product development. He graduated from Yokohama National University in Engineering in 1992 and brings extensive experience in air-conditioning systems and thermal group operations across global markets including North America, Europe, and China.

Mr. Tsunenobu Hori serves as CEO of DENSO India Region companies. His career began with DENSO Corporation in 1996 in the Spark Plug Engineering Division, followed by various technical and managerial positions at Toyota Motor Corporation from 2004. He has held leadership roles including Head of Motor Business Unit in 2021 and currently works in the Electric Sora Mobi Business Promotion Division as of 2025.

Voting Process and Shareholder Information

Shareholders can participate through NSDL's e-voting platform at www.evoting.nsdl.com . The postal ballot notice has been sent electronically to shareholders with registered email addresses. Physical copies are not being distributed in compliance with Ministry of Corporate Affairs circulars. Mr. Ravi Sharma (FCS 4468) from RSM & Co. has been appointed as Scrutinizer to oversee the voting process.

The Board of Directors, following recommendations from the Nomination and Remuneration Committee meetings held on January 28, 2026, has endorsed both appointments and recommends shareholders approve the ordinary resolutions.