Tube Investments of India Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving the reappointment of two independent directors for second terms. The company announced the results on March 20, 2026, following the completion of remote e-voting that concluded on March 19, 2026.

Postal Ballot Participation and Process

The postal ballot process witnessed participation from 1012 shareholders out of a total shareholder base of 116733. The remote e-voting facility was available from February 18, 2026 (9:00 a.m. IST) to March 19, 2026 (5:00 p.m. IST), covering a total of 193519670 shares.

Director Reappointment Results

Mr. Anand Kumar (DIN: 00818724)

Shareholders approved Mr. Anand Kumar's reappointment as Independent Director with strong support. His second term will span five consecutive years from March 24, 2026 to March 23, 2031.

Mr. V S Radhakrishnan (DIN: 08064705)

Mr. V S Radhakrishnan received even stronger shareholder support for his reappointment. His second term as Independent Director will run from July 5, 2026 to July 4, 2031.

Regulatory Compliance and Oversight

The postal ballot process was conducted in accordance with the Companies Act, 2013 and Ministry of Corporate Affairs circulars. Mr. R. Sridharan of M/s. R. Sridharan & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the process.

Key compliance measures included:

• Notice dispatch on February 16, 2026 through electronic mode
• Cut-off date set as February 13, 2026
• Advertisement publication in "Business Standard" (English) and "Makkal Kural" (Tamil) on February 17, 2026
• Results hosting on company website and NSDL platform

Official Documentation and Reporting

The company has formally communicated the postal ballot outcome to both NSE and BSE through official correspondence dated March 20, 2026. Company Secretary S Krithika signed the notification letters, confirming compliance with all statutory requirements.

Both resolutions qualified as special resolutions under the Companies Act, 2013, requiring approval from shareholders holding not less than three times the number of votes cast against the resolution. The scrutinizer confirmed that both resolutions were passed with the requisite majority, meeting all statutory requirements for the reappointment of independent directors. The results have been made available on the company's website and NSDL's e-voting platform as per regulatory guidelines.

Tube investment of India Limited recorded a substantial block trade on the National Stock Exchange (NSE), highlighting significant institutional investor activity in the engineering and manufacturing company's shares.

Block Trade Details

The transaction represents a major institutional deal executed through the NSE's block trading mechanism. Block trades are typically used by large investors to execute substantial transactions without causing significant price volatility in the regular market.

Market Significance

Block trades of this magnitude often indicate strategic portfolio adjustments by institutional investors, mutual funds, or other large stakeholders. The execution at Rs. 2405.00 per share reflects the prevailing market conditions and investor confidence in the company's prospects.

The transaction volume of approximately 404,637 shares represents a significant portion of trading activity, demonstrating the liquidity available in Tube Investments' stock. Such large-scale transactions are typically pre-negotiated between parties and executed through specialized trading mechanisms to ensure minimal market disruption.

About Block Trading

Block trading mechanisms allow institutional investors to execute large transactions efficiently while maintaining market stability. These trades are conducted at mutually agreed prices and help facilitate substantial portfolio changes without impacting regular market operations.