Tata Capital Limited , a prominent financial services company, has successfully concluded its postal ballot process, resulting in the approval of two significant board appointments. The shareholders of the company have shown strong support for the proposed changes in the company's leadership structure.

Key Appointments

1. Ms. Geetha Ravichandran has been appointed as an Independent Director through a special resolution.
2. Mr. Ankur Verma has been appointed as a Non-Executive (Non-Independent) Director through an ordinary resolution.

Voting Process and Results

The postal ballot, conducted through remote e-voting, took place from October 10 to November 8. The voting process was overseen by Mr. P.N. Parikh of Parikh & Associates, who served as the scrutinizer to ensure a fair and transparent procedure.

The results of the voting process were as follows:

Both resolutions received overwhelming support from shareholders, with each garnering over 99.99% of the votes cast in favor.

Shareholder Participation

The postal ballot saw active participation from Tata Capital's shareholders:

• Total number of shareholders as of the cut-off date (October 3): 37,065
• Total votes polled: 3,657,851,720 (representing 90.66% of total shareholding)

Corporate Governance Implications

The strong shareholder support for these appointments reflects positively on Tata Capital's corporate governance practices. The addition of Ms. Ravichandran as an Independent Director may enhance the board's oversight capabilities, while Mr. Verma's appointment as a Non-Executive Director could bring valuable insights to the company's strategic decision-making process.

Tata Capital Limited has duly informed the stock exchanges about the voting results and has uploaded the detailed scrutinizer's report on the company's website and the National Securities Depository Limited (NSDL) e-voting platform.

The successful completion of this postal ballot process demonstrates Tata Capital's commitment to transparent corporate practices and shareholder engagement in key decision-making processes.

Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has announced a partnership with the Green Climate Fund (GCF) to support early-stage climate-tech startups across India. This collaboration, part of GCF's newly approved BEACON INDIA Programme, marks a step in bolstering India's green innovation ecosystem.

Key Highlights of the Partnership

• Tata Capital will receive a revolving facility of USD 15.85 million from GCF.
• An additional USD 3 million grant will be provided to make financing more affordable for climate-focused startups.
• Tata Capital will contribute USD 47.6 million of its own funds, demonstrating a commitment to the initiative.
• The program aims to reduce over 1.1 million tonnes of CO₂ emissions and benefit nearly 2.9 million people through climate adaptation and mitigation efforts.

Innovative Financing Structure

The revolving structure of the fund allows Tata Capital to reinvest repaid loans into new ventures, aiming to ensure sustained support for the climate innovation ecosystem.

Collaborative Effort

The program is being implemented in collaboration with the Small Industries Development Bank of India (SIDBI) and TREC-STEP, an innovation and entrepreneurship development organization. This multi-stakeholder approach is designed to provide support to emerging green technologies.

Tata Capital's Green Leadership

This partnership positions Tata Capital as a participant in climate and green financing in India. Notably, it is the first Indian entity to collaborate with GCF on two distinct climate programmes:

1. In 2019, Tata Capital became the first private sector company in India to partner with GCF for rooftop solar financing.
2. The current BEACON INDIA Programme partnership further extends their involvement in sustainable finance.

Strategic Importance

Rajiv Sabharwal, Managing Director & CEO of Tata Capital Limited, emphasized the company's commitment to green initiatives, stating, "Through this programme, we aim to help emerging entrepreneurs scale their green technologies and make a measurable difference to people and the planet."

Broader Impact

This initiative is not just about funding; it's about supporting India's transition to a low-carbon economy. By supporting climate-tech startups, Tata Capital is playing a role in fostering innovation that can address environmental challenges.

Looking Ahead

As India continues to focus on sustainable development, partnerships like this between financial institutions and global climate funds may play an increasingly important role. They not only provide capital but also bring international expertise and practices to the local startup ecosystem.

Tata Capital's latest move reinforces its position in India's green finance landscape, potentially setting an example for other financial institutions in supporting climate-focused innovations.