Tilaknagar Industries has initiated a postal ballot process to seek shareholder approval for the re-appointment of Ms. Swapna Shah as a Non-Executive Non-Independent Director. The move aims to retain her strategic leadership in business development and operations for another term, subject to member consent through remote e-voting.

The proposal was placed before members pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. The Board of Directors approved the recommendation following a review by the Nomination and Remuneration Committee during its meeting on May 29, 2026. The postal ballot notice was dispatched electronically to registered members as of the cut-off date.

Voting Timeline and Process

Shareholders holding shares as of the cut-off date of Friday, July 17, 2026, are eligible to vote. The remote e-voting facility is provided by Central Depository Services (India) Limited (CDSL). Members must cast their votes electronically; physical ballot forms are not being distributed in compliance with Ministry of Corporate Affairs circulars.

Advocate R. T. Rajguroo, Advocate High Court, has been appointed as the Scrutiniser to oversee the voting process. The results will be declared within two working days of the conclusion of the voting period.

Tenure and Remuneration Details

Ms. Shah, who holds a Master’s in Business Administration from the University of Missouri and studied International Business Management at Kellogg School of Management, has been associated with the company since July 2020. Her re-appointment is proposed for a period of one year, commencing June 1, 2026, and ending May 31, 2027.

The Board seeks approval for advisory fees not exceeding ₹2,50,000 per month, excluding applicable taxes. This aligns with the remuneration structure approved by members at the 89th Annual General Meeting held on September 27, 2024. During the financial year 2025-2026, she received an advisory fee of ₹1,50,000 per month along with sitting fees totaling ₹7,25,000. She holds no shareholding in the company and has no relationships with other directors or key managerial personnel.

What the Numbers Show

The continuity in the proposed advisory fee cap of ₹2,50,000 per month reflects the Board’s adherence to the previously approved remuneration framework, despite actual disbursements in FY25-26 being lower at ₹1,50,000 per month. This suggests that the approved ceiling serves as a maximum limit rather than a fixed payout, allowing flexibility based on engagement levels while maintaining governance consistency established in the prior two-year tenure approval.

Tilaknagar Industries has scheduled a post-results earnings conference call on July 28, 2026, at 11:30 AM IST to discuss its Q1 FY27 financial performance. The call will feature a brief management discussion followed by an interactive question and answer session, providing analysts and investors with insights into the company's quarterly results.

Management Participation

The senior management team will lead the discussion, offering detailed perspectives on the operational and financial outcomes. Key executives participating in the call include:

Conference Call Details

Participants can join the discussion via various dial-in numbers provided for different regions. Pre-registration is available to facilitate direct connection without operator delays.

The schedule of the conference call is subject to change due to exigencies on the part of analysts, investors, or the company. The financial results and related documents will be available on the corporate website at www.tilind.com .