Talbros Automotive Components Limited has announced the resignation of Independent Director Mr. Rajat Verma, effective March 13, 2026. The resignation was submitted with immediate effect due to his other professional commitments, as disclosed in the company's regulatory filing.

Resignation Details

Mr. Rajat Verma (DIN: 02548070) tendered his resignation as Independent Director through a formal letter dated March 13, 2026. The resignation became effective immediately upon submission.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key compliance aspects include:

• Formal resignation letter with detailed reasons
• Confirmation of no other material reasons for resignation
• Disclosure of directorships in other listed entities
• Immediate notification to stock exchanges

Director's Confirmation

Mr. Rajat Verma provided written confirmation that there are no other material reasons for his resignation beyond those mentioned in his resignation letter. In his resignation communication, he expressed appreciation for the opportunity to work with the Board members and wished the company continued success.

Other Directorships

According to the regulatory disclosure, Mr. Rajat Verma does not hold any directorships in other listed entities, nor does he have any committee positions in listed companies.

Corporate Communication

The resignation information has been communicated to both BSE Limited (Scrip Code: 505160) and National Stock Exchange of India Limited (Company Code: TALBROAUTO). The company has also made this information available on its official website at www.talbros.com .

The resignation was processed by Company Secretary & Compliance Officer Seema Narang, who signed the regulatory filing on behalf of Talbros Automotive Components Limited.

Talbros Automotive Components Limited has issued a comprehensive postal ballot notice seeking shareholder approval for significant leadership restructuring effective April 1, 2026. The company submitted the notice dated February 11, 2026, to stock exchanges under Regulation 30 of SEBI Listing Regulations.

Proposed Leadership Appointments

The postal ballot seeks approval for three key managerial appointments, all for three-year terms commencing April 1, 2026:

Remuneration Structure

The company has proposed substantial compensation packages for the new appointments:

Mr. Varun Talwar will serve without remuneration but will be entitled to entertainment expenses and travel expenses including spouse accompaniment for business tours.

E-Voting Process and Timeline

The company has established a comprehensive e-voting framework through National Securities Depository Limited (NSDL):

Background and Rationale

The proposed restructuring follows significant organizational changes. Mr. Umesh Talwar, currently serving as Vice Chairman & Managing Director since 2000, will transition to Executive Chairman role. He has been associated with the company since 1977 and brings over 49 years of automotive industry experience.

Mr. Anuj Talwar, currently Joint Managing Director since 2016, will assume the Managing Director position. He has been with the company since 2012 and holds business administration qualifications from the College of William & Mary, Virginia, USA, and Boston University.

Mr. Varun Talwar, a board member since 2008 with over two decades of industrial experience, will take on the Vice Chairman and Managing Director role, particularly focusing on the Forging Division.

Company Performance Context

The appointments come against the backdrop of strong financial performance:

Compliance and Documentation

The postal ballot notice complies with Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The company has appointed practicing company secretaries as scrutinizers to ensure fair and transparent voting processes.

Shareholders whose email addresses are registered with the company, registrar, or depositories will receive the notice electronically. The company has made arrangements for shareholders to register their email addresses if not already done.

The proposed resolutions require special resolution approval, and the board has recommended all three appointments for shareholder approval. The appointments are subject to the requisite majority votes being cast in favor during the e-voting period.