Tata Motors Passenger Vehicles Completes Postal Ballot with Strong Shareholder Support
Tata Motors Passenger Vehicles Limited successfully concluded its postal ballot process with overwhelming shareholder support across all four director appointments. The voting demonstrated strong confidence with approval rates ranging from 99.29% to 99.93%, while achieving 73.36% overall shareholder participation including 99.99% promoter group participation.
*this image is generated using AI for illustrative purposes only.
Tata Motors Passenger Vehicles Limited (TMPVL) has successfully concluded its postal ballot process on December 29, 2025, with shareholders demonstrating overwhelming support for all proposed board appointments. The remote e-voting process, which concluded on December 28, 2025, at 5:00 p.m. (IST), witnessed strong participation across all shareholder categories with 73.36% of total shares participating in the voting process.
Postal Ballot Results Overview
All four resolutions were passed with requisite majority through remote e-voting, marking a significant milestone in TMPVL's post-demerger governance structure. The voting results demonstrate exceptional shareholder confidence in the company's leadership appointments.
| Resolution Details: | Votes in Favor | Votes Against | Approval Rate |
|---|---|---|---|
| Mrs. Sudha Krishnan (Independent Director): | 2,698,927,888 | 2,417,723 | 99.91% |
| Mr. P.B. Balaji (Non-Executive Director): | 2,687,649,827 | 13,694,079 | 99.49% |
| Shailesh Chandra (Director): | 2,699,428,037 | 1,914,371 | 99.93% |
| Shailesh Chandra (MD & CEO with remuneration): | 2,682,202,155 | 19,160,058 | 99.29% |
Shareholder Participation Analysis
The postal ballot witnessed significant participation from institutional and retail investors, with promoter groups showing near-complete participation at 99.99%.
| Shareholder Category: | Shares Held | Votes Polled | Participation Rate |
|---|---|---|---|
| Promoter & Promoter Group: | 1,567,369,812 | 1,567,209,014 | 99.99% |
| Public Institutions: | 1,210,993,973 | 1,059,909,412 | 87.52% |
| Public Non-Institutions: | 903,967,588 | 74,227,185 | 8.21% |
| Total Participation: | 3,682,331,373 | 2,701,345,611 | 73.36% |
Key Appointments Confirmed
With shareholder approval secured, TMPVL's leadership structure is now formalized under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shailesh Chandra has been appointed as Managing Director & CEO with remuneration approval, securing 99.29% shareholder support for both his directorship and compensation package.
Mrs. Sudha Krishnan joins as Non-Executive Independent Director with the highest approval rate of 99.91%, bringing enhanced board diversity and governance expertise.
Mr. Pathamadai Balachandran Balaji has been appointed as Non-Executive Director with 99.49% approval, adding valuable financial and strategic expertise to the board.
Regulatory Compliance and Transparency
The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014. The scrutinizer's report dated December 29, 2025, confirms the validity of all voting results.
| Process Details: | Information |
|---|---|
| Cut-off Date: | November 21, 2025 |
| Voting Period: | November 29 - December 28, 2025 |
| Total Shareholders: | 7,073,837 |
| Voting Platform: | NSDL e-voting portal |
The voting results and scrutinizer's report are now available on the company's website ( www.cars.tatamotors.com ) and NSDL's e-voting portal, ensuring complete transparency in the governance process. This comprehensive approval paves the way for TMPVL to execute its passenger vehicle strategy under new leadership while maintaining strong corporate governance standards.
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