Jindal Stainless Shareholders Approve Re-appointment of Independent Director Dr. Rajeev Uberoi

Jindal Stainless Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the re-appointment of Dr. Rajeev Uberoi as an independent director for a second consecutive three-year term. The company announced the results on January 9, 2026, following the conclusion of the e-voting period.

Postal Ballot Results Overview

The special resolution for Dr. Rajeev Uberoi's re-appointment (DIN: 01731829) received strong shareholder support across all categories. The voting process was conducted entirely through electronic means, with no physical postal ballot forms received during the voting period.

Voting Details:	Numbers
Total Shareholders on Record Date:	227,464
Total Postal Ballots Received:	890
Total Votes Cast:	70,42,84,005
Valid Votes (Net):	70,42,46,815
Votes in Favour:	66,09,79,434 (93.86%)
Votes Against:	4,32,67,381 (6.14%)

Category-wise Voting Pattern

The resolution received unanimous support from the promoter and promoter group, while institutional and non-institutional public shareholders also demonstrated strong backing for the appointment.

Shareholder Category:	Shares Held	Votes Polled	% Polled	Votes in Favour (%)	Votes Against (%)
Promoter Group:	50,47,81,566	50,47,44,045	99.99%	100.00%	0.00%
Public Institutions:	23,58,09,759	19,93,24,614	84.53%	78.30%	21.70%
Public Non-Institutions:	8,38,28,263	1,78,156	0.21%	95.42%	4.58%

Voting Process and Timeline

The postal ballot notice was dated November 28, 2025, with the record date set for the same day. Jindal Stainless Limited utilized the e-voting facility provided by MUFG Intime India Pvt. Ltd (formerly Link Intime India Private Limited) to conduct the voting process.

Key Timeline:

E-voting Period: December 10, 2025 (9:00 AM IST) to January 8, 2026 (5:00 PM IST)
Notice Dispatch: December 9, 2025 (via email)
Results Declaration: January 9, 2026

Scrutinizer's Report

Advocate Sandeep Garg served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that 544 members voted in favour of the resolution while 342 members voted against it. The voting process was conducted in accordance with Section 108 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014.

Resolution Details

The special resolution specifically addressed the re-appointment of Dr. Rajeev Uberoi as an independent director for a second term of three consecutive years. The company confirmed that promoters and the promoter group had no specific interest in this agenda item, ensuring independent shareholder decision-making.

The successful approval of this resolution reflects shareholder confidence in the company's board composition and governance structure, with the overwhelming majority supporting the continuation of Dr. Uberoi's directorship for another three-year term.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.18%	-9.56%	+0.69%	+12.84%	+19.63%	+771.99%

Jindal Stainless Limited has successfully concluded its postal ballot process with shareholders approving the re-appointment of Dr. Rajeev Uberoi as an independent director for a second consecutive three-year term. The company declared the results on January 9, 2026, following the completion of the e-voting process that ran from December 10, 2025, to January 8, 2026.

Postal Ballot Results Overview

The special resolution for Dr. Rajeev Uberoi's re-appointment received strong shareholder support across all categories. The voting process was conducted entirely through electronic means, with no physical postal ballot forms received during the designated period.

Parameter:	Details
Total Shareholders on Record Date:	227,464
Cut-off Date:	November 28, 2025
E-voting Period:	December 10, 2025 (9:00 AM) to January 8, 2026 (5:00 PM)
Results Declaration Date:	January 9, 2026

Detailed Voting Results

The resolution garnered overwhelming support from shareholders, with 93.86% of valid votes cast in favour of Dr. Uberoi's re-appointment. A total of 890 shareholders participated in the electronic voting process.

Voting Category:	Votes in Favour	Votes Against	Total Valid Votes	Approval Rate
Promoter and Promoter Group:	50,47,44,045	0	50,47,44,045	100.00%
Public Institutions:	15,60,65,387	4,32,59,227	19,93,24,614	78.30%
Public Non-Institutions:	1,70,002	8,154	1,78,156	95.42%
Total:	66,09,79,434	4,32,67,381	70,42,46,815	93.86%

Shareholder Participation Analysis

The voting process demonstrated strong participation from the promoter group, which held 50,47,81,566 shares and achieved a 99.99% polling rate with unanimous support for the resolution. Public institutional investors showed significant engagement with an 84.53% polling rate, though with some dissenting votes primarily from this category.

Shareholder Category:	Shares Held	Votes Polled	Polling Rate
Promoter and Promoter Group:	50,47,81,566	50,47,44,045	99.99%
Public Institutions:	23,58,09,759	19,93,24,614	84.53%
Public Non-Institutions:	8,38,28,263	1,78,156	0.21%

Scrutinizer Report and Process

Advocate Sandeep Garg served as the appointed scrutinizer for the postal ballot process, overseeing the e-voting facility provided by MUFG Intime India Pvt. Ltd. The scrutinizer's report confirmed that 37,190 votes were classified as invalid or abstained, and no physical postal ballot forms were received during the voting period.

About the Resolution

The special resolution pertained to the re-appointment of Dr. Rajeev Uberoi (DIN: 01731829) as an independent director for a second term of three consecutive years. The appointment was conducted in accordance with Section 110 of the Companies Act, 2013, and the postal ballot notice was dispatched to shareholders on November 28, 2025.

The successful approval of this resolution ensures continuity in the company's board composition and reflects strong shareholder confidence in Dr. Uberoi's contribution to the company's governance structure.