News Stocks Talbros Automotive Components Announces Postal Ballot for Key Leadership AppointmentsTalbros Automotive Components Announces Postal Ballot for Key Leadership Appointments
Talbros Automotive Components Limited has issued a postal ballot notice seeking shareholder approval for three key leadership appointments effective April 1, 2026. The company proposes to appoint Mr. Umesh Talwar as Executive Chairman, Mr. Anuj Talwar as Managing Director, and Mr. Varun Talwar as Vice Chairman and Managing Director, all for three-year terms. E-voting will be conducted from February 28 to March 29, 2026, with results declared by March 31, 2026.
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Talbros Automotive Components Limited has issued a comprehensive postal ballot notice seeking shareholder approval for significant leadership restructuring effective April 1, 2026. The company submitted the notice dated February 11, 2026, to stock exchanges under Regulation 30 of SEBI Listing Regulations.
Proposed Leadership Appointments
The postal ballot seeks approval for three key managerial appointments, all for three-year terms commencing April 1, 2026:
| Position | Appointee | Term | Rotation Status |
|---|---|---|---|
| Executive Chairman-Whole Time Director | Mr. Umesh Talwar (DIN: 00059271) | 3 years | Not liable to retire by rotation |
| Managing Director | Mr. Anuj Talwar (DIN: 00628063) | 3 years | Liable to retire by rotation |
| Vice Chairman and Managing Director | Mr. Varun Talwar (DIN: 00263984) | 3 years | Liable to retire by rotation |
Remuneration Structure
The company has proposed substantial compensation packages for the new appointments:
| Component | Mr. Umesh Talwar (Monthly Rs.) | Mr. Anuj Talwar (Monthly Rs.) |
|---|---|---|
| Basic Salary | 12,70,000 | 12,70,000 |
| HRA | 8,89,000 | 8,89,000 |
| Other Allowances | 1,18,000 | 1,18,000 |
| Total Monthly | 22,77,000 | 22,77,000 |
Mr. Varun Talwar will serve without remuneration but will be entitled to entertainment expenses and travel expenses including spouse accompaniment for business tours.
E-Voting Process and Timeline
The company has established a comprehensive e-voting framework through National Securities Depository Limited (NSDL):
| Parameter | Details |
|---|---|
| Cut-off Date | Monday, February 23, 2026 |
| E-voting Commencement | Saturday, February 28, 2026 at 09:00 A.M. IST |
| E-voting Conclusion | Sunday, March 29, 2026 at 05:00 P.M. IST |
| Results Declaration | On or before Tuesday, March 31, 2026 |
| Scrutinizer | M/s. Kiran Sharma & Co. (CP No.: 3116) |
Background and Rationale
The proposed restructuring follows significant organizational changes. Mr. Umesh Talwar, currently serving as Vice Chairman & Managing Director since 2000, will transition to Executive Chairman role. He has been associated with the company since 1977 and brings over 49 years of automotive industry experience.
Mr. Anuj Talwar, currently Joint Managing Director since 2016, will assume the Managing Director position. He has been with the company since 2012 and holds business administration qualifications from the College of William & Mary, Virginia, USA, and Boston University.
Mr. Varun Talwar, a board member since 2008 with over two decades of industrial experience, will take on the Vice Chairman and Managing Director role, particularly focusing on the Forging Division.
Company Performance Context
The appointments come against the backdrop of strong financial performance:
| Financial Year | Revenue (Rs. in Lacs) | Profit After Tax (Rs. in Lacs) |
|---|---|---|
| 2022-23 | 64,718.32 | 4,370.33 |
| 2023-24 | 77,826.68 | 12,906.22 |
| 2024-25 | 82,705.22 | 7,787.25 |
Compliance and Documentation
The postal ballot notice complies with Sections 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The company has appointed practicing company secretaries as scrutinizers to ensure fair and transparent voting processes.
Shareholders whose email addresses are registered with the company, registrar, or depositories will receive the notice electronically. The company has made arrangements for shareholders to register their email addresses if not already done.
The proposed resolutions require special resolution approval, and the board has recommended all three appointments for shareholder approval. The appointments are subject to the requisite majority votes being cast in favor during the e-voting period.
Historical Stock Returns for Talbros Automotive Components
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -5.94% | +5.38% | -0.40% | +16.41% | +487.73% |
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