Shareholders of TTK Prestige have approved the appointment of Mr. R. Srinivasan as a Non-Executive Non-Independent Director through a postal ballot process. The special resolution was passed with overwhelming support from equity holders.

The voting concluded on September 10, 2026, with the results declared on September 11, 2026. The company conducted the e-voting in compliance with Section 108 and Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, Secretarial Standards-2 on General Meetings, and Regulation 44 of the SEBI (LODR) Regulations, 2015. The process also adhered to MCA guidelines and various SEBI circulars, including General Circular No. 03/2025 dated September 22, 2025. KFin Technologies Limited facilitated the electronic voting platform.

Voting Results Breakdown

A total of 122,739,850 votes were polled out of 136,966,384 outstanding shares, representing a participation rate of 89.61%. The resolution received 122,705,693 votes in favour and 34,157 votes against.

The promoter group held 96,574,837 shares as on the cut-off date of August 7, 2026, and voted unanimously in favour of the resolution. Public institutional investors, holding 30,411,416 shares, participated at a rate of 83.28%, with 99.89% of polled votes supporting the appointment.

Governance Details

Mr. R. Srinivasan (DIN: 00043658) will join the board as a Non-Executive Non-Independent Director. The company confirmed that the promoter group has no interest in this resolution. Parameshwar G. Hegde served as the scrutinizer for the postal ballot process, certifying the fairness and transparency of the vote count. Mr. T. T. Raghunathan, Chairman, announced the results based on the Scrutinizer's Report submitted on September 11, 2026.

No invalid votes were recorded during the process. The approval is deemed effective from the last date of e-voting, September 10, 2026. Manjula K V, Company Secretary & Compliance Officer, certified the proceedings.

TTK Prestige shareholders approved a final dividend of ₹7.50 per equity share for FY26 at its 70th annual general meeting held on August 4, 2026. The resolution passed with the requisite majority, confirming the payout for members on record as of July 31, 2026.

Key Resolutions Passed

The meeting, conducted via video conferencing, saw 58 members participate. Shareholders approved several key agenda items:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Reappointment of Mr. T T Raghunathan as a director liable to retire by rotation.
• Ratification of remuneration for the Cost Auditor for FY27, amounting to ₹6 lakh (excluding taxes).

Director Appointments and Withdrawals

Shareholders granted special resolution approval for Mr. T T Raghunathan to continue as a director beyond the age of 75 years, in compliance with Regulation 17(1A) of the SEBI (LODR) Regulations, 2015.

However, the appointment of Mr. R. Srinivasan, who was liable to retire by rotation, was withdrawn. The Board decided not to seek shareholder approval for his reappointment to enhance corporate governance standards. Consequently, the resulting vacancy will not be filled immediately.

Audit and Compliance

The Chairman informed members that the Auditors' Report, Cost Audit Report, and Secretarial Audit Report contained no qualifications, observations, or comments. As per Section 145 of the Companies Act, 2013, these reports were not read out during the meeting.

What the Numbers Show

The declaration of a ₹7.50 dividend on shares with a face value of ₹1 represents a payout ratio of 750%. This high percentage indicates a significant return of capital to shareholders relative to the nominal value of the equity, though the absolute yield depends on the prevailing market price which was not disclosed in the minutes.