DCM Shriram International Ltd. Convenes Postal Ballot for Key Director and Management Appointments

DCM Shriram International Ltd. Convenes Postal Ballot for Key Director and Management Appointments​

DCM Shriram International Ltd. is seeking members' approval via a postal ballot process for several key appointments, including the election of new Independent Directors and the appointment and remuneration of several senior management personnel. The voting period for these resolutions is scheduled to commence on April 13, 2026, and conclude on May 12, 2026.

The company presented ten resolutions requiring shareholder consideration, covering board appointments, management roles, and the appointment of Secretarial Auditors.

Director and Management Appointments​

The postal ballot seeks approval for the following Special and Ordinary Resolutions regarding appointments and remuneration:

• Appointment of Directors: Special Resolutions are proposed for the appointment of several individuals as Independent Directors and to approve the retirement by rotation of Mr. Sunil Behari Mathur.
• Key Management Appointments: Special Resolutions are sought for the appointment and remuneration of:

* Mr. Alok Bansidhar Shriram as Managing Director & CEO.
* Ms. Kanika Shriram as Deputy Managing Director.
* Mr. Rudra Shriram as Deputy Managing Director.
* Mr. Purushottam Das Bagla as Whole Time Director & CFO.

Independent Director appointments proposed with a five-year term, effective from November 15, 2025, include:

• Mr. Sanjay Chandrakant Kirloskar (DIN: 00007885)
• Mr. Suman Jyoti Khaitan (DIN: 00023370)
• Mr. Mukesh Gupta (DIN: 06638754)
• Mrs. Meeta Makhan (DIN: 07135150)

Financial and Board Oversight Appointments​

The resolutions also cover appointments for ongoing governance functions:

• Secretarial Auditors: An Ordinary Resolution proposes the appointment and remuneration of M/s. Chandrasekaran Associates (Peer Review Certificate No. 6689/2025) as the Secretarial Auditors for a term of five years, commencing from April 1, 2025.
• Core Management Roles: Resolutions are also presented concerning the appointment and remuneration of Mr. Purushottam Das Bagla, who is set to serve as Whole Time Director & CFO for a period of three years, effective from December 24, 2025.

Company Updates and Nomination Details​

The appointment proposals reflect recent governance actions, including the board reconstitution with appointments and executive directors effective from November 15, 2025, and December 24, 2025.

Key personnel details highlighted include:

• Mr. Alok Bansidhar Shriram: Proposed designation is Managing Director & CEO for 5 years starting December 24, 2025. His current shareholding is 23,88,944 Equity Shares, representing 2.75%.
• Mr. Purushottam Das Bagla: Proposed designation is Whole Time Director & CFO for 3 years from December 24, 2025. His past remuneration for the year 2024-25 was Rs. 90.23 lakh.
• Ms. Kanika Shriram: Proposed designation is Deputy Managing Director for 5 years starting December 24, 2025. Her past remuneration for 2024-25 was Rs. 50.39 lakh, and she holds 14,56,332 Equity Shares, or 1.67%.

The company noted that the general management personnel remuneration shall not exceed 10% of the net profits computed as per Section 198 of the Companies Act, 2013.

Voting Procedure​

The process mandates remote e-voting, managed by KFin Technologies Limited, Registrar and Share Transfer Agents (RTA). The cutoff date for determining voting rights was set as April 6, 2026. Members were advised that the notice is being sent electronically to registered email addresses, and the postal ballot process is conducted entirely through e-voting.

The appointment of directors and key management personnel are subject to the approval of the shareholders.

DCMSIL Stock Price Movement​

DCM Shriram International Limited shares shed 0.99% today, concluding the session at ₹62.39. The stock finished with a total traded volume of 14,789 shares, marking a notable dip from its previous close of ₹63.53.

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