Samvardhana Motherson International Announces Successful Postal Ballot Results
Samvardhana Motherson International announced successful postal ballot results with overwhelming shareholder approval for both proposed resolutions. The appointment of former SBI Chairman Dinesh Kumar Khara as Independent Director received 99.92% approval, while the revision of Whole-time Director Pankaj Mital's remuneration to ₹5.56 crore annually received 99.64% support, demonstrating strong shareholder confidence in the company's governance decisions.
*this image is generated using AI for illustrative purposes only.
Samvardhana Motherson International Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving both proposed resolutions. The company announced the results on December 22, 2025, following the completion of the remote e-voting period that ended on December 21, 2025.
Postal Ballot Results Overview
The e-voting process witnessed significant shareholder participation, with both resolutions receiving strong approval from members. The scrutinizer, Mr. D.P. Gupta, Managing Partner of SGS Associates LLP, submitted the voting results report confirming the passage of both resolutions with requisite majority.
| Resolution Details: | Outcome |
|---|---|
| Total Electronic Ballots Received: | 3,403 |
| Total Votes Cast: | 9,31,60,80,287 |
| E-voting Period: | November 22 - December 21, 2025 |
| Results Declaration: | December 22, 2025 |
Director Appointment Approved with Overwhelming Support
Shareholders approved the appointment of Mr. Dinesh Kumar Khara as Independent Director with exceptional support. The Special Resolution received 99.92% votes in favour, demonstrating strong confidence in the proposed appointment.
| Voting Results - Resolution 1: | Details |
|---|---|
| Members Voted in Favour: | 3,160 |
| Votes Cast in Favour: | 93,01,49,28,45 |
| Approval Percentage: | 99.92% |
| Members Voted Against: | 168 |
| Votes Against: | 72,78,821 |
| Opposition Percentage: | 0.08% |
Mr. Khara, former Chairman of State Bank of India, will serve as Independent Director for five years from September 25, 2025, to September 24, 2030. His extensive 40-year banking experience in treasury, risk management, IT, and compliance is expected to strengthen the company's board expertise.
Executive Remuneration Revision Receives Strong Approval
The Ordinary Resolution for revising Mr. Pankaj Mital's remuneration as Whole-time Director also received substantial shareholder support, with 99.64% votes in favour.
| Voting Results - Resolution 2: | Details |
|---|---|
| Members Voted in Favour: | 3,055 |
| Votes Cast in Favour: | 92,75,14,54,44 |
| Approval Percentage: | 99.64% |
| Votes Against: | 3,36,20,323 |
| Opposition Percentage: | 0.36% |
The approved remuneration structure includes a basic salary of ₹32.74 lakh per month for Mr. Mital, who will be designated as President - SAMIL. His annual remuneration for FY 2025-26 is capped at ₹5.56 crore, with eligibility for employee stock options and annual increments up to 15% based on performance.
Corporate Governance and Transparency
The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI regulations. The voting results and scrutinizer's report have been uploaded on the company's website and the e-voting agency's platform for transparency.
These successful resolutions reflect Samvardhana Motherson International's commitment to strengthening its leadership team and aligning executive compensation with growth objectives. The overwhelming shareholder support demonstrates confidence in the company's strategic direction and governance practices.
Historical Stock Returns for Samvardhana Motherson International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | +4.52% | +1.17% | +29.50% | +52.70% | 0.0% |
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