ASK Automotive Limited has successfully concluded its postal ballot process, with shareholders approving the re-appointment of four Independent Directors for second consecutive terms of 3 years each. The company announced the voting results on March 06, 2026, following the completion of the e-voting period that ended on March 05, 2026.

Postal Ballot Overview

The postal ballot process was conducted in accordance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. The e-voting period commenced on February 04, 2026 at 9:00 A.M. (IST) and concluded on March 05, 2026 at 5:00 P.M. (IST) through the designated platform of MUFG Intime India Private Limited.

Director Re-appointments Approved

All four special resolutions for the re-appointment of Independent Directors were passed with substantial majority support. The approved re-appointments include:

• Mrs. Deepti Sehgal (DIN: 09772630) as Non-Executive Independent Director
• Mr. Kumares Chandra Misra (DIN: 00388546) as Non-Executive Independent Director
• Mr. Vinay Kumar Piparsania (DIN: 07721040) as Non-Executive Independent Director
• Mr. Yogesh Kapur (DIN: 00070038) as Non-Executive Independent Director

Each director has been re-appointed for a second consecutive term of 3 years.

Voting Results Summary

The voting results demonstrated strong shareholder support across all resolutions:

Shareholder Participation

The postal ballot witnessed significant participation from different shareholder categories:

Promoter and Promoter Group: Held 147758379 shares and voted unanimously in favor of all resolutions with 100.00% approval rate.

Public Institutions: Held 37169803 shares with 84.15% participation rate (31278238 votes polled), showing strong support across all resolutions.

Public Non-Institutions: Held 12214418 shares with participation rates ranging from 0.28% to 0.28% across different resolutions.

Scrutinizer's Report

CS Vinod Kumar Aneja of M/s. Vinod Kumar & Co., Company Secretaries, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that all voting procedures were conducted in compliance with applicable regulations and that the votes were properly reconciled with records maintained by the company's Registrar and Transfer Agent.

The scrutinizer noted instances of split voting by certain members holding multiple equity shares, particularly for the resolutions involving Mr. Kumares Chandra Misra and Mr. Yogesh Kapur, where votes were accounted for on a share-wise basis.

Regulatory Compliance

The postal ballot process was conducted in full compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. The company dispatched postal ballot notices through email to registered shareholders and published newspaper advertisements in The Financial Express (English) and Jansatta (Hindi) on February 04, 2026.

The successful completion of this postal ballot process ensures continuity in the company's board composition with experienced Independent Directors continuing their governance roles for another term.

ASK Automotive Limited has announced a major capacity expansion for its Advanced Braking Systems division, with the Board of Directors approving an investment of Rs. 35 crore on January 28, 2026. The expansion involves establishing two new manufacturing plants in Rajasthan to meet growing market demand for brake shoes and disc brake pads in two-wheeler applications.

Capacity Expansion Details

The company disclosed comprehensive details of the expansion project under Regulation 30 of SEBI regulations. The new facilities will significantly enhance the company's manufacturing capabilities in the braking systems segment.

Strategic Rationale and Market Positioning

The capacity expansion is driven by increased demand supported by GST 2.0 reforms, positioning the company to capitalize on favorable market conditions. With current capacity utilization at approximately 90%, the additional 6 crore pieces annually will provide substantial room for growth while maintaining operational efficiency.

Financial and Operational Impact

The Rs. 35 crore investment will be funded entirely through internal accruals, demonstrating the company's strong cash generation capabilities and financial stability. The establishment of two new plants on leased properties in Rajasthan reflects a strategic approach to geographical diversification while maintaining cost efficiency.

Timeline and Implementation

The new manufacturing facilities are expected to be commissioned in Q1 FY 26-27, indicating a relatively quick implementation timeline. This rapid deployment will enable ASK Automotive to respond promptly to market opportunities and strengthen its position in the two-wheeler braking systems market.