Revathi Equipment India Limited has successfully concluded its postal ballot process for the appointment of Mr. Natarajan S Iyer as an Independent Director, with shareholders demonstrating strong support for the corporate governance initiative. The special resolution was passed with an overwhelming majority on January 10, 2026, marking a significant milestone in the company's board composition.

Postal Ballot Results and Shareholder Participation

The voting results revealed exceptional shareholder confidence in the proposed appointment. The detailed breakdown of the postal ballot outcome is presented below:

The voting process demonstrated strong institutional support, with the promoter and promoter group category showing unanimous approval. Out of 19,59,446 shares held by promoters, 18,43,942 shares (94.11%) participated in the voting, all casting votes in favor of the resolution.

Voting Process and Timeline

The company conducted the postal ballot through remote e-voting in compliance with the Companies Act 2013 and SEBI regulations. The comprehensive timeline for the process was as follows:

The postal ballot notice was distributed electronically to 6,617 shareholders as on the cut-off date. The company also published newspaper advertisements in Business Standard (English) and Malai Murasu (Tamil) on December 12, 2025, ensuring comprehensive communication to all stakeholders.

Category-wise Voting Analysis

The voting pattern across different shareholder categories revealed interesting participation trends:

Regulatory Compliance and Scrutinizer Report

The postal ballot process was conducted under the supervision of Sri M. D. Selvaraj, FCS, Managing Partner of M/s. MDS & Associates LLP, Company Secretaries, Coimbatore, who served as the appointed scrutinizer. The process adhered to all regulatory requirements including:

• Sections 108 and 110 of the Companies Act 2013 • Rules 20 and 22 of the Companies (Management and Administration) Rules 2014 • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 • MCA General Circulars 14/2020, 17/2020, and 09/2024

MUFG Intime India Private Limited (formerly Link Intime India Private Limited) provided the remote e-voting platform, ensuring secure and transparent voting process. The scrutinizer's report confirmed that all procedural requirements were met and the resolution was passed with the requisite majority.

About the Appointee

Mr. Natarajan S Iyer (DIN: 11318891) has been appointed as an Independent Director of the company following the successful postal ballot. The appointment strengthens the company's board composition and enhances corporate governance practices. The overwhelming shareholder approval reflects confidence in the appointee's qualifications and potential contribution to the company's strategic direction.

Revathi Equipment India Limited (REIL) has initiated a postal ballot process to seek shareholder approval for a significant corporate governance matter. The company is looking to appoint Mr. Natarajan Slyer as an Independent Director for a five-year term, commencing from November 7, 2025.

Key Details of the Postal Ballot

Special Consideration

The appointment of Mr. Slyer requires additional shareholder consent due to a specific regulatory requirement:

• Mr. Slyer will turn 75 years old during his proposed tenure
• SEBI regulations mandate special approval for directors above 75 years of age
• This necessitates the use of a special resolution for shareholder approval

Implications for Shareholders

1. Governance Impact: The appointment of Mr. Slyer could bring valuable experience to REIL's board, potentially enhancing corporate governance.
2. Regulatory Compliance: By seeking pre-emptive approval for Mr. Slyer's continuation beyond 75 years, REIL is ensuring compliance with SEBI's listing regulations.
3. Long-term Commitment: The five-year term indicates the company's confidence in Mr. Slyer's potential contributions over an extended period.

Voting Process

Shareholders are encouraged to participate in the e-voting process to express their decision on this important corporate action. The outcome of this postal ballot will determine the composition of REIL's board and could influence the company's governance structure in the coming years.

Investors and stakeholders should carefully consider the proposed appointment and its potential impact on the company's future direction before casting their votes.