TTK Prestige Limited has confirmed the dispatch of its Postal Ballot Notice, seeking shareholder approval for the appointment of R. Srinivasan (DIN: 00043658) as a Director in the category of Non-Executive Non-Independent. The move aims to strengthen the Board’s composition ahead of the company’s upcoming Annual General Meeting scheduled for August 10, 2026.

The Postal Ballot process is governed by Section 108 and 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In compliance with Ministry of Corporate Affairs circulars, the company has opted for remote electronic voting exclusively, foregoing hard copies of the ballot notice. Mr. Parameshwar G Hegde, a Practicing Company Secretary (Membership No. FCS 1325/CP No. 640), has been appointed as the Scrutinizer to ensure a fair and transparent voting process.

Shareholders holding shares as on the cut-off date of August 7, 2026, are eligible to vote. The e-voting facility is provided by KFin Technologies Limited. Voting rights are reckoned on the paid-up value of equity shares registered in the name of members or beneficial owners on the cut-off date. Members who have not received their user ID and password despite having registered email addresses are advised to contact KFin Technologies or the company’s investor relations team.

Key Voting Dates and Details

The resolution requires special majority approval. If assented to by the requisite majority, the resolution will be deemed passed on the last date specified for e-voting, i.e., September 10, 2026, in accordance with Secretarial Standard on General Meetings (SS-2). The results, along with the Scrutinizer’s report, will be uploaded to the company’s website and communicated to the stock exchanges by September 14, 2026.

Governance Context

The appointment of R. Srinivasan aligns with TTK Prestige’s ongoing efforts to refresh its leadership structure. As a non-executive non-independent director, he will contribute to the Board’s oversight functions without being involved in day-to-day management. This appointment follows the standard regulatory timeline for director appointments via postal ballot when convening an extraordinary general meeting is deemed impractical or inefficient for single-item approvals.

Members are reminded to ensure their email addresses are updated with their depository participants or share transfer agent, KFin Technologies Limited, to receive future communications. For grievances related to e-voting, shareholders may refer to the FAQ section on the KFin Tech portal or contact the designated helpdesk.

ttk prestige confirmed the retirement of Mr. R Srinivasan as Non-Executive Director effective August 04, 2026, following the withdrawal of his reappointment resolution at the company’s Annual General Meeting (AGM). The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, clarifies that the Board has decided not to fill the resulting vacancy immediately. This development concludes the procedural outcome of the AGM held on August 04, where shareholders also approved a ₹7.50 dividend and the reappointment of Chairman T T Raghunathan.

The retirement follows a formal notification to the National Stock Exchange and BSE Limited on August 06, 2026, by Manjula K V, Company Secretary & Compliance Officer. The filing cites Regulation 30(6) read with Para A(7) of Part A of Schedule III of the SEBI Listing Regulations, along with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Mr. Srinivasan, holding DIN 00043658, ceased his role due to retirement by rotation after the Board withdrew the specific resolution for his appointment during the AGM proceedings.

AGM Outcomes and Board Composition

The AGM, conducted via Video Conferencing / Other Audio-Visual Means (VC/OAVM) in compliance with Regulation 44 of the SEBI LODR Regulations, saw near-unanimous support for key resolutions. Shareholders approved the adoption of audited financial statements for FY26 and the declaration of a dividend of ₹7.50 per equity share. Additionally, the Board secured approval for T T Raghunathan to serve beyond the statutory age limit of 75 years, ensuring leadership continuity.

The resolution to appoint R Srinivasan was withdrawn after informing shareholders and stock exchanges on July 30, 2026. Consequently, the Board resolved to leave the vacancy unfilled for the time being. This strategic pause in board composition changes reflects a deliberate governance decision rather than a contested removal.

Governance and Participation

The meeting adhered to guidelines from the Ministry of Corporate Affairs (MCA) and SEBI. Of the 85,103 shareholders on record as of July 29, 2026, 58 attended the meeting via VC/OAVM, comprising six from the promoter group and 52 from the public. Voting was facilitated by KFin Technologies Limited, with remote e-voting open from July 31, 2026, at 9:00 AM IST until August 03, 2026, at 5:00 PM IST. Parameshwar G Hegde of M/s Hegde & Hegde served as the Scrutinizer, confirming adherence to Section 108 of the Companies Act, 2013.

Key attendees included Dr. Mukund T T (Vice-Chairman), V Ranganathan (Independent Director), Akila Krishnakumar (Independent Director), Prabhakar Jain (Independent Director), Sandhya Vasudevan (Independent Director), Girish Rao (Independent Director), Dhruv S Moondhra (Independent Director), Venkatesh Vijayaraghavan (Managing Director & CEO), and Saranyan Rajagopalan (Wholetime Director & CFO). During the Q&A session, Saranyan Rajagopalan addressed shareholder queries regarding operations and financial performance.

What the Numbers Show

The near-unanimous support for the dividend declaration and financial statements indicates strong shareholder alignment with management’s fiscal strategy for FY26. The special resolution permitting T T Raghunathan to serve beyond the statutory age limit underscores the Board’s confidence in his continued leadership, ensuring stability following the departure of Chairman Emeritus T T Jagannathan in October 2025. The withdrawal of R Srinivasan’s reappointment suggests a strategic pause in board composition changes rather than a contentious disagreement, as the vacancy is left open rather than contested.