Sundaram-Clayton Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr R Venkatesh as Director and Chief Executive Officer. The voting results, announced on April 4, 2026, demonstrated strong shareholder confidence in the leadership transition under Regulation 44 and 30 of SEBI Listing Regulations.

Postal Ballot Results Overview

The postal ballot process addressed two critical resolutions concerning Mr R Venkatesh (DIN: 11569393). Both resolutions received identical voting patterns, reflecting unanimous shareholder support across all categories.

Voting Participation by Category

The postal ballot witnessed significant participation across different shareholder categories. The company had 23824 total shareholders on the record date of February 27, 2026, with 22046162 shares eligible for voting.

Resolution Details and Tenure

The first resolution concerned the appointment of Mr R Venkatesh as Director of the company, while the second resolution specifically addressed his appointment as Director & Chief Executive Officer for a period of 5 years with effect from April 1, 2026. Both resolutions were classified as ordinary resolutions and received identical voting support from 253 voters in favour and only 12 voters against.

Regulatory Compliance and Stock Exchange Notification

The company formally notified BSE Limited (Equity Scrip code: 544066) and National Stock Exchange of India Limited (Equity Scrip code: SUNCLAY) about the postal ballot results on April 4, 2026. This notification was made pursuant to Regulation 44(3) and Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring full regulatory compliance.

E-Voting Process and Timeline

The postal ballot was conducted exclusively through the e-voting platform provided by National Securities Depository Limited (NSDL). The voting process commenced on March 6, 2026, at 9:00 AM IST and concluded on April 4, 2026, at 5:00 PM IST. The company sent postal ballot notices on March 5, 2026, to shareholders whose email addresses were registered, while public advertisements were published on March 6, 2026, in Business Standard (English) and Makkal Kural (Tamil) newspapers.

Scrutinizer Confirmation

B. Chandra & Associates, serving as the appointed scrutinizer, confirmed that all procedural requirements were met during the postal ballot process. The scrutinizer's report noted that 695 emails had bounced, and all votes cast through e-voting were properly matched with the Register of Members and list of beneficiaries. The final results were declared on April 4, 2026, at 6:18 PM IST, with both resolutions deemed to have passed with requisite majority.

Sundaram Clayton Limited has announced significant developments regarding its earlier intimation about key managerial personnel changes. In a Board meeting held on March 30, 2026, the company rescinded its previous decision regarding Company Secretary changes and announced important leadership transitions at the Chairman level.

Reversal of Company Secretary Changes

The Board of Directors reconsidered and reversed the previously announced Company Secretary transition. After detailed deliberations and following the withdrawal of resignation by Mr. P.D. Dev Kishan, the Board rescinded both his relieving as Company Secretary and Compliance Officer and the appointment of Ms. M Muthulakshmi to the position.

This reversal means Mr. P.D. Dev Kishan will continue in his role as Company Secretary, Compliance Officer, and Key Managerial Personnel without any interruption in service, contrary to the March 27, 2026 intimation that indicated his departure.

Leadership Changes at Board Level

The Board meeting also approved significant changes in the company's top leadership structure. Mr. R Gopalan stepped down from his position as Chairman of the Company with immediate effect, though he will continue serving as a Non-Executive Independent Director.

Consequent to Mr. Gopalan's transition, Mr. Venu Srinivasan, who previously held the position of Chairman Emeritus and Managing Director, has been redesignated as Chairman and Managing Director of the Company with immediate effect.

Meeting Details and Regulatory Compliance

The Board meeting was conducted on March 30, 2026, commencing at 9:00 AM IST and concluding at 9:30 AM IST. The announcements were made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This development represents a significant change from the company's March 27, 2026 intimation, demonstrating the Board's flexibility in reconsidering decisions based on evolving circumstances. The reversal ensures continuity in the Company Secretary function while implementing strategic changes at the Chairman level to strengthen the company's leadership structure.