Talbros Automotive Components executed a Joint Venture Agreement with Lohum Cleantech Private Limited on July 2, 2026, to establish Lohum Talbros CarbonTech Private Limited. The joint venture will focus on the business of trading, manufacturing, producing, and refining of recovered Carbon Black (rCB) and devulcanized rubber. This strategic partnership aims to combine Lohum Cleantech's technology and expertise in producing high-quality recovered materials with Talbros Automotive Components' strong OEM relationships and market access.

Joint Venture Structure

The ownership structure and shareholding of the newly formed joint venture have been detailed in the regulatory filing. The joint venture company is incorporated as a domestic entity.

Under this arrangement, Lohum Cleantech Private Limited holds the majority stake at 51%, while Talbros Automotive Components holds a 49% shareholding. The initial consideration paid towards the paid-up equity share capital is INR 1,00,000, comprising Rs. 51,000 by Lohum Cleantech Private Limited and Rs. 49,000 by Talbros Automotive Components.

Governance and Board Composition

The joint venture's Board shall comprise five Directors. Lohum Cleantech Private Limited shall nominate three Directors, while Talbros Automotive Components is entitled to nominate two Directors to the Board. The subscribers to the Memorandum of Association include Lohum Cleantech Private Limited with 5,100 equity shares of Rs. 10 each and Talbros Automotive Components with 4,900 equity shares of Rs. 10 each. The companies confirmed that they are independent entities and not part of the same promoter group, and the transaction does not fall within related party transactions.

Talbros Automotive Components Limited has completed the dispatch of the Postal Ballot Notice electronically to seek shareholder consent for the appointment of Mr. Pratham Mittal as an Independent Director. The notice was dispatched on June 12, 2026, to members whose names appeared in the Register of Members as on the cut-off date of June 9, 2026. This process is being conducted to secure approval for Mr. Mittal's appointment for a term of five years, effective from May 20, 2026, to May 19, 2031.

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. In accordance with Ministry of Corporate Affairs circulars, physical copies of the notice have not been dispatched. Shareholders can cast their votes exclusively through the e-voting system during the designated window. The appointment requires a special resolution under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Schedule

The company has established the following timeline for the postal ballot proceedings. Shareholders must participate within the e-voting window to ensure their votes are recorded.

Ms. Kiran Sharma, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the voting process in a fair and transparent manner. The results of the postal ballot will be declared on or before July 17, 2026, at the Registered Office of the company. The outcome will be communicated to the National Stock Exchange of India Ltd. and BSE Ltd. and displayed on the company’s website.

Director Details

Mr. Pratham Mittal (DIN: 08338216) currently serves as an Additional Director and is the founder of Masters' Union and Tetr College of Business. He does not hold any equity shares in the company as on the date of the notice. His remuneration will consist of a sitting fee for attending Board or Committee meetings as decided by the Board. The resolution, if passed by the requisite majority, will be deemed to have been passed on the last date of voting.