Matrimony.com Limited has successfully concluded its postal ballot voting process, with shareholders approving all four proposed resolutions on January 18, 2026. The company announced the voting results on January 20, 2026, following scrutinizer validation by Mr. G Karthikeyan, a practicing Company Secretary.

Voting Process and Participation

The postal ballot was conducted entirely through remote e-voting from December 20, 2025, to January 18, 2026, without physical ballot distribution. The company set December 12, 2025, as the cut-off date for determining eligible voters. Out of 21,563,422 total shares, 15,298,828 shares participated in the voting process, representing 70.95% of outstanding shares.

Resolution Outcomes

All four resolutions received overwhelming shareholder support, with approval rates exceeding 99.90% across all proposals.

Resolution 1: Equity Share Buyback

The special resolution for equity share buyback received the strongest support, with 15,288,692 shares (99.93%) voting in favor and only 10,136 shares (0.07%) against.

Resolution 2: Independent Director Re-appointment

Shareholders approved the re-appointment of Shri. Sivaramakrishnan Meenakshi Sundaram (DIN 02137377) as Independent Director for five years, from March 11, 2026, to March 10, 2031. This special resolution garnered 15,289,228 shares (99.94%) in favor.

Resolution 3: Managing Director Remuneration

The special resolution approving remuneration for Managing Director Shri. Murugavel Janakiraman (DIN 00605009) for financial year 2025-26 passed with 15,285,007 shares (99.91%) voting in favor.

Resolution 4: Managing Director Re-appointment

The ordinary resolution for re-appointing Shri. Murugavel Janakiraman as Managing Director from April 1, 2026, to March 31, 2029, received approval from 15,285,008 shares (99.91%).

Shareholder Category Breakdown

The voting pattern showed strong support across all shareholder categories:

Regulatory Compliance

The postal ballot process was conducted in compliance with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations. KFin Technologies Limited served as the authorized e-voting platform provider with Event Number 9352. The company published advertisements in Makkal Kural (Tamil) and Financial Express (English) newspapers on December 20, 2025, and filed necessary documents with NSE and BSE.

The scrutinizer's report confirmed that all procedural requirements were met, with votes validated against the member list as of the cut-off date. No invalid votes were recorded across any resolution, indicating proper execution of the voting process.

Matrimony.com has dispatched its postal ballot notice for shareholder approval on multiple corporate actions, including a share buyback program worth ₹58.50 crores and key board appointments. The e-voting process commences on December 20, 2025, and concludes on January 18, 2026.

Share Buyback Program Details

The company seeks shareholder approval for buying back 8,93,129 equity shares at ₹655.00 per share, representing 4.14% of total paid-up equity share capital. The buyback will be conducted through a tender offer mechanism on a proportionate basis.

The buyback price represents a premium of 26.31% and 26.34% over the closing price on BSE and NSE respectively as of December 15, 2025. The program includes a reservation of 15% shares for small shareholders, defined as those holding shares worth up to ₹2.00 lakhs.

Board Appointments and Reappointments

The postal ballot covers several key board-related resolutions requiring shareholder approval:

E-Voting Timeline and Process

Shareholders can participate in the voting process through electronic means only, with physical postal ballot forms not being dispatched.

The company has appointed G. Karthikeyan as the scrutinizer to conduct the postal ballot process, with KFin Technologies Limited providing the e-voting platform. Results will be declared within two working days of voting conclusion.

Financial Rationale

The buyback represents 24.68% and 24.81% of the aggregate paid-up equity share capital and free reserves based on standalone and consolidated financial statements as of March 31, 2025, respectively. The company aims to return surplus cash to shareholders while improving return on equity through capital optimization.