Tuticorin Alkali Chemicals and Fertilizers Limited shareholders have approved the appointment of E. Rajeshkumar as Whole-Time Director (WTD) for a three-year tenure. The Board also secured shareholder consent for a special incentive payment to Mr. Rajeshkumar for the Financial Year 2024-25. These appointments strengthen the company’s executive leadership structure, with the WTD role commencing on July 8, 2026, and concluding on July 7, 2029.

The approvals were granted through a postal ballot process conducted under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. KRA & Associates, Practising Company Secretaries, served as the independent Scrutinizer for the exercise. The remote e-voting facility remained open from July 2, 2026, at 9:00 A.M. IST until July 31, 2026, at 5:00 P.M. IST. Members registered as of the cut-off date, June 19, 2026, were eligible to vote.

Voting Results

Both special resolutions passed with overwhelming support. The voting data, verified by CDSL’s e-voting system, indicates that dissenting votes constituted less than 0.01% of the total votes cast for both items.

Note: Percentages are rounded off as per the Scrutinizer's Report. Actual support was 99.9960% for Resolution 1 and 99.9954% for Resolution 2.

Procedural Compliance

The postal ballot notice was transmitted by Cameo Corporate Services Limited, the Registrar and Transfer Agent, on July 1, 2026. The unblocking of votes was witnessed by two independent individuals, Mr. K. Subash and Mr. S. Acchudhaa, who are not employed by the company. The Scrutinizer’s Report, dated August 3, 2026, confirms that the voting process adhered to Sections 108 and 110 of the Companies Act, 2013, and relevant Ministry of Corporate Affairs circulars.

The appointment of a Whole-Time Director is a strategic move to enhance operational oversight. With the tenure starting shortly after the ballot closure, Tuticorin Alkali Chemicals aims to integrate new leadership into its management framework ahead of the upcoming fiscal cycle.

Tuticorin Alkali Chemicals and Fertilizers Limited has called for a postal ballot to seek shareholder approval for the reappointment of Mr. E Rajeshkumar as Whole-Time Director and the payment of a special incentive. The Board approved the notice on May 18, 2026, and the remote e-voting process is scheduled from July 2, 2026, to July 31, 2026. The company published the notice in Trinity Mirror and Makkal Kural on July 2, 2026, pursuant to Rule 22 of the Companies (Management and Administration) Rules, 2014.

Reappointment and Remuneration

Shareholders will vote on appointing Mr. E Rajeshkumar (DIN: 10207780) as Whole-Time Director for a three-year term from July 8, 2026, to July 7, 2029. The proposed remuneration package per annum includes a basic salary, allowances, and perquisites of ₹47,31,960, a performance-linked pay of ₹9,75,000, and contributions to provident fund, NPS, and gratuity totaling ₹7,93,044. Additionally, he will be reimbursed for actual entertainment and traveling expenses incurred for company duties.

The resolution states that in the event of inadequacy or absence of profits, the director remains entitled to this remuneration as the minimum guaranteed amount, subject to the provisions of the Companies Act, 2013.

Special Incentive Proposal

The second resolution seeks approval for a special incentive of ₹10 lakh for Mr. Rajeshkumar for the financial year 2024-25. The Board approved this payment in February 2026 based on the recommendation of the Nomination and Remuneration Committee, recognizing his contribution to the company's growth. As the proposed incentive exceeds the limits prescribed under Schedule V of the Companies Act, 2013, it requires shareholder approval via a special resolution.

Financial Performance and Voting Details

The company reported a Profit After Tax of ₹62 crore for the financial year 2024-25. Revenue from operations stood at ₹309.48 crore for the same period, compared to ₹320.36 crore in the previous year.

The remote e-voting facility, managed by Central Depository Services (India) Limited (CDSL), begins on July 2, 2026, at 9:00 AM IST and concludes on July 31, 2026, at 5:00 PM IST. M/s. KRA & Associates has been appointed as the scrutinizer for the postal ballot process. The results will be announced within two working days of the conclusion of voting.