SIS Limited has successfully concluded its postal ballot process, with shareholders approving key board appointments through remote e-voting. The company announced the results on March 10, 2026, following the completion of the voting process on March 8, 2026.

Postal Ballot Resolutions

The company sought shareholder approval for two special resolutions through the postal ballot notice dated January 29, 2026:

Both resolutions received requisite majority approval from shareholders, with the voting process conducted entirely through remote e-voting facilities provided by CDSL.

Voting Participation and Results

The postal ballot witnessed significant shareholder participation across different categories:

Resolution 1: Dr. Onkar Sharma's Appointment

The appointment of Dr. Onkar Sharma as Independent Director received overwhelming support:

Resolution 2: Mr. Deepak Kumar's Re-appointment

The re-appointment of Mr. Deepak Kumar also secured strong shareholder approval:

Director Appointment Details

Dr. Onkar Sharma has been appointed as an Independent Director for a term of 2 consecutive years effective January 29, 2026. He was initially appointed by the Board as an Additional Director on the same date and meets the independence criteria under Section 149(6) of the Companies Act, 2013.

Mr. Deepak Kumar has been re-appointed as an Independent Director for a second and final term of 2 years effective June 27, 2026. His re-appointment represents continuity in the company's board composition and governance structure.

Scrutinizer's Validation

Sudhir Vishnupant Hulyalkar, Company Secretary in Practice, served as the appointed scrutinizer for the postal ballot process. The scrutinizer confirmed that the voting process was conducted in accordance with the Companies Act, 2013, and related regulations. The voting period extended from February 7, 2026 (09:00 A.M. IST) to March 8, 2026 (5:00 P.M. IST), providing shareholders adequate time to participate.

The results demonstrate strong shareholder confidence in the proposed board appointments, with both resolutions achieving the required special resolution majority. The voting results and scrutinizer's report have been made available on the company's website and CDSL's e-voting platform for shareholder reference.

FMR LLC and FIL Limited, through their direct and indirect subsidiaries, have disclosed a substantial acquisition in sis under SEBI regulations. The acquisition represents a significant increase in their collective shareholding through systematic open market purchases.

Acquisition Details

The Fidelity entities acquired 3,248,157 shares of SIS Limited through open market transactions conducted between 29 August 2025 and 02 March 2026. This acquisition increased their total shareholding from 7,254,258 shares to 10,502,415 shares.

Fund-wise Distribution

The shareholding is distributed across seven funds managed by FMR LLC and FIL Limited subsidiaries. The largest position is held by FID FDS-ASIAN SMLR COS, which owns 6,248,466 shares representing 4.42% of the total equity.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers confirmed they do not belong to the promoter or promoter group of SIS Limited. The company's shares are listed on both the National Stock Exchange of India Ltd. and BSE Ltd.

Share Capital Information

SIS Limited's equity share capital stood at 144,567,263 shares before the acquisition period and 141,246,420 shares after the acquisition period. The disclosure was signed by Alina Yu, Regulatory Reporting Manager, who is duly authorized under Powers of Attorney by both FMR LLC and FIL Limited.

The filing indicates that the Fidelity entities view SIS Limited as an attractive investment opportunity, with their increased stake reflecting confidence in the company's prospects across their various fund portfolios focused on Asian and emerging market investments.