Triton Valves Limited has issued a postal ballot notice to shareholders following its Board meeting decisions on February 12, 2026. The automobile tyre tube valves manufacturer is seeking shareholder approval for a 3:1 bonus share issue, authorized capital increase, and independent director appointment through remote e-voting.

Postal Ballot Notice and E-Voting Timeline

The company dispatched the postal ballot notice on February 19, 2026, to shareholders whose email addresses are registered with the company or depositories. The notice seeks approval for three key resolutions through electronic voting only, in compliance with Ministry of Corporate Affairs circulars.

Shareholders can vote only through the remote e-voting process via NSDL platform, with the notice available on the company website and NSDL's e-voting portal.

Shareholder Resolutions for Approval

The postal ballot contains three resolutions requiring shareholder approval, with detailed explanatory statements provided for each proposal.

The authorized capital increase from ₹5 crores to ₹10 crores will facilitate the bonus issue and meet future capital requirements.

Strong Q3FY26 Financial Performance

Triton Valves demonstrated robust consolidated performance in Q3FY26, with revenue from operations surging 25.6% year-on-year despite facing exceptional costs related to new labour legislation.

For the nine-month period, consolidated revenue reached ₹41,908.83 lakhs, representing a 21.1% increase from ₹34,598.15 lakhs in the corresponding period of the previous year.

Bonus Issue and Capital Structure Changes

The proposed 3:1 bonus issue will significantly alter the company's share capital structure, celebrating the company's 50th year of operations. The bonus shares will be issued by capitalizing ₹384.16 lakhs from the securities premium account.

The company expects to credit bonus shares within two months of Board approval, on or before April 11, 2026, pending shareholder and regulatory approvals.

Independent Director Appointment

Mr. Ashok Kumar Dash has been appointed as Additional Non-executive Independent Director for a five-year term from February 12, 2026, to February 11, 2031. He brings 39 years of automotive manufacturing experience from Maruti Suzuki India Limited, where he held leadership roles from Engineer to Senior Vice President.

During his tenure at Maruti Suzuki, he oversaw production of approximately 18,00,000 vehicles per annum and 18,00,000 transmissions per annum, along with 5,00,000 two-wheeler engines for Suzuki Motorcycles.

Labour Code Impact and Standalone Performance

The company faced exceptional costs due to implementation of four Labour Codes by the Government of India, effective November 21, 2025, resulting in increased gratuity liabilities of ₹151.78 lakhs for consolidated operations.

Standalone operations also showed positive performance trends, with revenue from operations growing 10.4% year-on-year to ₹10,712.27 lakhs in Q3FY26, while net profit increased 9.6% to ₹185.61 lakhs.

Triton Valves Limited has announced the appointment of Mr. Ashok Kumar Dash as Additional Non-executive Independent Director, marking a strategic addition to its board leadership. The appointment was approved during a board meeting held on February 12, 2026, following recommendations from the company's Nomination and Remuneration Committee.

Board Appointment Details

The board meeting, which commenced at 02:30 pm and concluded at 06:10 pm on February 12, 2026, formally approved Mr. Dash's appointment under Regulation 30 of the SEBI Listing Regulations. The appointment carries specific terms and conditions that align with corporate governance requirements.

Professional Background and Experience

Mr. Ashok Kumar Dash brings substantial industry expertise to Triton Valves' board, with over 39 years of experience in the automotive manufacturing sector. His professional journey demonstrates a strong foundation in operational and strategic advisory roles, making him well-suited for the independent director position.

His career highlights include:

• Maruti Suzuki India Limited: Progressed through various leadership roles from Engineer to Senior Vice President
• Suzuki Motorcycles India Limited: Served as Senior Advisor on deputation from Maruti Suzuki
• Core Expertise: Manufacturing operations, supply chain management, engineering, quality assurance, localization, and supplier development

Mr. Dash is recognized for his analytical capabilities in handling complex operational data, identifying market trends, and providing effective recommendations in dynamic business environments under stringent timelines.

Regulatory Compliance and Next Steps

The appointment follows proper corporate governance protocols as mandated under SEBI regulations. Triton Valves has fulfilled its disclosure obligations by informing the BSE and making the information available on the company website at www.tritonvalves.com .

The appointment remains subject to formal approval by the company's shareholders at the upcoming General Meeting, which represents the final step in the appointment process. This shareholder approval is a standard requirement for independent director appointments under corporate governance norms.

The addition of Mr. Dash to the board reflects Triton Valves' commitment to strengthening its governance structure with experienced industry professionals who can provide valuable strategic guidance and oversight.