Firstsource Solutions Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for critical board appointments and directorship continuations. The notice, dated March 11, 2026, addresses regulatory compliance requirements under SEBI Listing Regulations regarding directors serving beyond the age of 75 years.

Key Resolutions for Shareholder Approval

The company has proposed three special resolutions requiring member approval through the postal ballot process:

E-Voting Timeline and Process

The company has established a structured timeline for the postal ballot process with Central Depository Services (India) Limited (CDSL) facilitating the electronic voting system:

Director Profiles and Qualifications

Dr. Rajiv Kumar brings extensive experience as the Chairman of Pahle India Foundation and former Vice Chairman of NITI Aayog. He holds a Ph.D in Economics from Lucknow University and a D.Phil from Oxford University. His career spans academia, government, industry, and multilateral institutions, including roles at ICRIER, Asian Development Bank, and various government positions. Dr. Kumar will attain 75 years of age on July 6, 2026, necessitating shareholder approval for his continued service.

Mr. Paras Kumar Chowdhary, aged 74 years, is a science graduate with over 45 years of experience in strategies, finance, sales, and marketing. He has served in senior management positions including Managing Director at CEAT Limited and President & Whole-time Director of Apollo Tyres Limited. Currently, he serves as Director on boards of CEAT Limited, RPG Enterprises Limited, and other companies. He will attain 75 years of age on October 1, 2026.

Regulatory Compliance Requirements

The postal ballot addresses Regulation 17(1A) of SEBI Listing Regulations, effective from April 1, 2019, which mandates shareholder approval through special resolution for appointment or continuation of Non-Executive Directors beyond 75 years of age. The company has engaged Mr. T. R. Ravichandran of M/s. TRR & Associates as Scrutinizer to ensure fair and transparent voting process.

Communication and Accessibility

In compliance with MCA circulars, the postal ballot notice is being sent electronically to members whose email addresses are registered with Depository Participants. The notice is available on the company's website at https://www.firstsource.com/ , stock exchange websites, and CDSL's e-voting platform at www.evotingindia.com . Members can inspect related documents electronically by contacting the company at specified email addresses.

Firstsource solutions Limited has issued a clarification regarding the appointment of Mr. Paras Kumar Chowdhary as Additional Director, correcting a typographical error in the effective date. The company had previously announced key board changes including independent director appointments and re-appointments based on recommendations from the Nomination and Remuneration Committee.

Date Correction and Clarification

The company has clarified that Mr. Paras Kumar Chowdhary's appointment as Additional Director was effective March 5, 2026, not March 1, 2026 as previously announced. The correction was communicated to both stock exchanges on March 9, 2026.

Board Appointments Overview

The board had approved two significant independent director changes:

Director Profile

Mr. Paras Kumar Chowdhary, aged 74 years, is a science graduate with over 45 years of experience in strategies, finance, sales and marketing. His senior management experience includes serving as Managing Director of CEAT Limited and President & Whole-time Director of Apollo Tyres Limited. He currently serves as a Director on various company boards including CEAT Limited, RPG Enterprises Limited and Einzigartig Electoral Trust.

Regulatory Compliance

The clarification has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Chowdhary is not debarred from holding director positions by SEBI or any other authority and has no relationships with existing company directors. All other details from the original March 5, 2026 announcement remain unchanged.

The postal ballot process for shareholder approval of both director appointments continues as previously announced, with the corrected effective date for Mr. Chowdhary's appointment.