Sundram Fasteners Initiates 17th Postal Ballot for Director Re-appointment

Sundram Fasteners Limited has initiated its 17th postal ballot process to seek shareholder approval for the re-appointment of Sri Suresh Krishna as Non-Executive Director. The company announced this development through a notice dated March 25, 2026, filed with the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Re-appointment Details

The postal ballot seeks approval for Sri Suresh Krishna's re-appointment as Non-Executive Director for another term of five consecutive years, commencing from July 1, 2026, to June 30, 2031. The proposal requires passage as a Special Resolution, necessitating approval from at least three-fourths of the total votes cast.

Parameter: Details Director Name: Sri Suresh Krishna DIN: 00046919 Position: Chairman and Non-Executive Director Age: 89 years Proposed Term: July 1, 2026 to June 30, 2031 Current Remuneration (FY 2024-25): ₹ 30.02 lakhs

Director Profile and Experience

Sri Suresh Krishna has been associated with the company since inception and was appointed as Chairman of the Board of Directors on June 15, 1979. His first appointment to the Board dates back to August 26, 1964. He holds a Bachelor of Science degree from Madras Christian College (1955), M.A. in Literature from the University of Wisconsin (1959), and completed post-graduate work in Literature from the University of Munich, Germany.

The director has received numerous prestigious awards and recognitions throughout his career:

Padma Shri Award by the Government of India in 2006

JRD Tata Corporate Leadership Award for 2000 by the All-India Management Association

Quality Ratna Award in November 2019

Entrepreneur of the Year Award for 2001 from Ernst & Young

Businessman of the Year 1995 by The Business India magazine

Shareholding and Board Participation

Sri Suresh Krishna holds 36,040 equity shares of ₹ 1/- each in the company and maintains a 10.96% beneficial interest. During the financial year 2025-26, he attended all 4 Board meetings conducted by the company. He is related to the Managing Director, Joint Managing Director, and other Non-Executive Non-Independent Directors of the company.

E-voting Process and Timeline

The company will conduct the postal ballot exclusively through electronic means, following the Ministry of Corporate Affairs circulars. The notice has been sent electronically to shareholders who have registered their email addresses with the company or depositories.

Timeline: Details Cut-off Date: March 20, 2026 E-voting Commencement: March 26, 2026 (9:00 a.m. IST) E-voting Conclusion: April 24, 2026 (5:00 p.m. IST) Results Declaration: On or before April 28, 2026 Scrutinizer: Sri G Karthikeyan (Membership No. A19411)

Regulatory Compliance

The re-appointment is proposed pursuant to Sections 149, 152, 197, 198, Schedule V of the Companies Act, 2013, and Regulation 17(1A) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. As per the company's Articles of Association, Sri Suresh Krishna, being the Chairperson, is not subject to retirement by rotation.

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee and Audit Committee, approved this re-appointment at their meeting held on January 28, 2026. The proposed remuneration shall not exceed 50% of the total remuneration payable to all Non-Executive Directors during any financial year.

Shareholders can access the complete postal ballot notice on the company's website www.sundram.com and the NSDL e-voting platform. The results will be communicated to stock exchanges and displayed on the company's notice board at its registered office in Chennai.

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