VTM Limited Shareholders Unanimously Approve All Four Postal Ballot Resolutions
VTM Limited shareholders unanimously approved all four postal ballot resolutions conducted on December 18, 2025, including director reappointments and related party transaction approval worth up to ₹100.00 crores. The e-voting process achieved 100% approval across 68,775,469 votes polled from total 100,569,000 shares.
*this image is generated using AI for illustrative purposes only.
VTM Limited has successfully concluded its postal ballot proceedings conducted on December 18, 2025, with results declared on December 19, 2025. The company submitted the minutes of the postal ballot proceedings to the Bombay Stock Exchange, demonstrating strong shareholder support across all proposed resolutions.
Postal Ballot Results Overview
The postal ballot covered four critical corporate governance matters, all of which received unanimous shareholder approval. The voting process was conducted through remote e-voting facility provided by KFin Technologies Limited, with Mr. S. Ramalingam, a Practising Company Secretary, serving as the scrutinizer.
| Resolution Details: | Voting Results |
|---|---|
| Total Shares (Cut-off Date): | 100,569,000 |
| Total Votes Polled: | 68,775,469 |
| Votes in Favor: | 68,775,469 (100.00%) |
| Votes Against: | 0 (0.00%) |
Key Resolutions Approved
Shareholders approved four significant resolutions through the postal ballot process:
Director Appointments and Continuations:
- Continuation of directorship for Mr. RM Somasundaram (DIN: 00071510) as Non-Executive Director beyond age 75
- Reappointment of Mr. Ganesh Ananthakrishnan (DIN: 00003586) as Independent Director for second five-year term from March 25, 2026
- Reappointment of Mr. L. Sevugan (DIN: 03580186) as Independent Director for second five-year term from March 25, 2026
Related Party Transaction:
- Approval for entering into contracts with related party Colour Yarns Private Limited for purchase and sale of goods and materials
Transaction Details and Terms
The approved related party transaction with Colour Yarns Private Limited includes specific parameters:
| Transaction Parameter: | Details |
|---|---|
| Contract Value: | Up to ₹100.00 crores |
| Contract Duration: | Until March 31, 2029 |
| Transaction Nature: | Purchase and sale of goods and materials |
| Terms: | Arm's length basis with market parameters |
Voting Process and Timeline
The postal ballot process followed a structured timeline with proper regulatory compliance. The cut-off date for determining eligible shareholders was November 14, 2025, with 7,167 total shareholders registered. The postal ballot notice was sent electronically to eligible shareholders on November 17, 2025, following a public advertisement published on November 13, 2025, in Business Standard (English) and Malai Malar (Tamil).
The e-voting period commenced on November 19, 2025, at 9:00 AM IST and concluded on December 18, 2025, at 5:00 PM IST. The scrutinizer unblocked and downloaded the voting details on December 19, 2025, from the KFINTECH portal before submitting the report to the Chairman.
Corporate Governance Compliance
The resolutions align with regulatory requirements under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The reappointment of independent directors for second terms demonstrates the company's commitment to maintaining experienced leadership while ensuring compliance with independence criteria. The company noted that promoter/promoter group members had no interest in the first three resolutions, with interests properly disclosed for the fourth resolution regarding the related party transaction.
Historical Stock Returns for VTM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | -15.88% | -16.50% | -49.92% | -13.45% | +452.26% |
16
