VTM Limited's Board of Directors has taken a significant step toward expanding its market presence by approving a proposal to list the company's equity shares on the National Stock Exchange of India Limited (NSE). The decision was made during a board meeting held on January 14, 2026, which commenced at 10:00 AM and concluded at 10:20 AM.

Listing Details and Share Information

The board has approved the listing of the company's equity shares on NSE, subject to obtaining necessary regulatory approvals. The listing proposal covers substantial shareholding and requires compliance with multiple regulatory frameworks.

Regulatory Approvals and Compliance Framework

The listing proposal is subject to receipt of approvals, consents, permissions, and sanctions from various regulatory authorities. The company will need to comply with multiple regulatory frameworks including the Companies Act, 2013, SEBI Act, 1992, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board has approved making an application to NSE for obtaining in-principle approval for listing and trading of the equity shares.

Professional Consultancy Engagement

To facilitate the listing process, the board has approved the engagement of professional consultants to guide the company through the complex regulatory requirements.

Authorized Signatories and Responsibilities

The board has authorized key personnel to execute the listing process and handle regulatory communications. Mr. K. Thiagarajan, Chairman and Managing Director, and Ms. K. Preyatharshine, Company Secretary, have been severally authorized to handle various aspects of the listing process. Their responsibilities include signing and submitting listing applications, furnishing required information to regulatory authorities, coordinating with intermediaries, and appointing necessary advisors and professionals.

Company Background

VTM Limited operates from its registered office in Sulakarai, Virudhunagar, with its Chairman's Office located at Thiagarajar Mills Premises, Kappalur, Madurai. The company holds CIN number L17111TN1946PLC003270 and has been incorporated since 1946. The company secretary Ms. K. Preyatharshine (M.No: A58314) signed the board resolution and communication to the stock exchange regarding this significant corporate development.

VTM Limited has successfully concluded its postal ballot proceedings conducted on December 18, 2025, with results declared on December 19, 2025. The company submitted the minutes of the postal ballot proceedings to the Bombay Stock Exchange, demonstrating strong shareholder support across all proposed resolutions.

Postal Ballot Results Overview

The postal ballot covered four critical corporate governance matters, all of which received unanimous shareholder approval. The voting process was conducted through remote e-voting facility provided by KFin Technologies Limited, with Mr. S. Ramalingam, a Practising Company Secretary, serving as the scrutinizer.

Key Resolutions Approved

Shareholders approved four significant resolutions through the postal ballot process:

Director Appointments and Continuations:

• Continuation of directorship for Mr. RM Somasundaram (DIN: 00071510) as Non-Executive Director beyond age 75
• Reappointment of Mr. Ganesh Ananthakrishnan (DIN: 00003586) as Independent Director for second five-year term from March 25, 2026
• Reappointment of Mr. L. Sevugan (DIN: 03580186) as Independent Director for second five-year term from March 25, 2026

Related Party Transaction:

• Approval for entering into contracts with related party Colour Yarns Private Limited for purchase and sale of goods and materials

Transaction Details and Terms

The approved related party transaction with Colour Yarns Private Limited includes specific parameters:

Voting Process and Timeline

The postal ballot process followed a structured timeline with proper regulatory compliance. The cut-off date for determining eligible shareholders was November 14, 2025, with 7,167 total shareholders registered. The postal ballot notice was sent electronically to eligible shareholders on November 17, 2025, following a public advertisement published on November 13, 2025, in Business Standard (English) and Malai Malar (Tamil).

The e-voting period commenced on November 19, 2025, at 9:00 AM IST and concluded on December 18, 2025, at 5:00 PM IST. The scrutinizer unblocked and downloaded the voting details on December 19, 2025, from the KFINTECH portal before submitting the report to the Chairman.

Corporate Governance Compliance

The resolutions align with regulatory requirements under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reappointment of independent directors for second terms demonstrates the company's commitment to maintaining experienced leadership while ensuring compliance with independence criteria. The company noted that promoter/promoter group members had no interest in the first three resolutions, with interests properly disclosed for the fourth resolution regarding the related party transaction.