MosChip Technologies Limited has successfully concluded its postal ballot process through remote e-voting, with all three special resolutions receiving overwhelming shareholder approval. The company announced the results on January 21, 2026, following the completion of the voting period and scrutinizer's report.

Postal Ballot Process Overview

The remote e-voting period commenced on December 22, 2025 at 9:00 a.m. (IST) and concluded on January 20, 2026 at 5:00 p.m. (IST). The postal ballot notice was issued on December 17, 2025, with the record date set as December 12, 2025. A total of 3,58,714 shareholders were eligible to participate in the voting process.

Independent Director Appointments

Shareholders approved the appointment of two new Independent Directors to the company's board. Mr. Sandeep Himmatlal Shah (DIN:11273722) was appointed as an Independent Director with 99.98% votes in favor. The resolution received support from 8,03,17,429 votes against 12,791 votes, representing 41.76% of total outstanding shares participating in the voting.

Dr. Yellamanchali Sreenivas Rao (DIN:11219939) was also appointed as an Independent Director with 99.99% approval. This resolution garnered 8,03,20,552 votes in favor and 9,367 votes against. Both directors will serve five-year terms effective from October 24, 2025.

Managing Director Remuneration Revision

The third special resolution regarding the revision of Managing Director & CEO Mr. Srinivasa Rao Kakumanu's remuneration terms was approved with 99.11% votes in favor. The resolution received 7,96,16,307 votes in support and 7,13,705 votes against.

The revised remuneration structure includes a fixed pay of ₹3,06,00,000 per annum and variable pay of ₹54,00,000 per annum. The new terms are effective from January 1, 2026 to March 31, 2027, covering a 15-month period.

Voting Participation Analysis

The postal ballot witnessed significant participation from different shareholder categories. Promoter and Promoter Group shareholders showed 95.53% participation with 7,55,31,739 votes cast out of 7,90,64,527 eligible shares. Public-Institutions demonstrated 12.21% participation, while Public-Non Institutions recorded 3.81% participation rates.

All resolutions were deemed passed on January 20, 2026, the last date of remote e-voting. The scrutinizer BSS & Associates submitted their comprehensive report confirming the validity of the voting process and results. The company has uploaded the detailed voting results on its website at www.moschip.com for transparency and regulatory compliance.

MosChip Technologies has successfully delivered a custom System-on-Chip (SoC) solution to the Indian Space Research Organisation's (ISRO) Space Applications Centre for India's satellite navigation program. The company completed an end-to-end turnkey ASIC program from Netlist to packaged silicon, marking a significant milestone in the space technology domain.

Turnkey ASIC Program Implementation

MosChip executed a comprehensive turnkey ASIC program, managing every critical phase of the development process. The company handled DFT architecture, DFT implementation and verification, full-chip physical design and signoff, RDL design and routing, package design, tester board design, and post-silicon bring-up and validation.

Silicon Bring-up and Validation

Following tape out with its proven Netlist to GDSII flow and methodology, MosChip designed the substrate for a 10 Layer FC-CBGA package. The company successfully assembled and validated engineering samples on ATE (Automatic Test Equipment), confirming functionality against specifications. The packaged silicon has been delivered and validated, enabling SAC to proceed to the next stage of productization.

Strategic Partnership with ISRO

The Space Applications Centre is a premier research and development institution under ISRO, with multi-disciplinary expertise in satellite technology and space-borne applications. As a leading center of excellence, SAC specializes in designing and developing innovative satellite systems for earth observation, communication, navigation, and scientific research, serving both national and international stakeholders.

Management Commentary

"We are proud to have delivered this critical program. This milestone validates MosChip's turnkey Netlist-to-Silicon capability and our commitment to single-owner accountability from design intent to validated silicon," said Srinivasa Rao Kakumanu, CEO & MD, MosChip Technologies. He emphasized that by unifying design, implementation, packaging, and ATE validation, the company helps customers move from Spec/RTL to silicon with predictable schedules and first-pass silicon success.

Company's Technical Excellence

The successful completion of this project demonstrates MosChip's integrated turnkey ASIC capability, reducing interface risk between phases, compressing timelines, and ensuring cohesive execution across silicon, packaging, and test. This collaboration underscores the growing capabilities of Indian semiconductor companies in supporting critical national projects and highlights ISRO's commitment to leveraging domestic technological capabilities for satellite navigation initiatives.