Kalyan Jewellers India Limited has successfully concluded its postal ballot process for the resolutions presented in the Notice of Postal Ballot dated January 30, 2025. The resolutions were passed by the shareholders with the requisite majority, as per the results announced on March 21, 2025. The postal ballot process was conducted in compliance with the Companies Act, 2013, the SEBI Listing Regulations, and various circulars issued by the Ministry of Corporate Affairs (MCA).

Key Resolutions and Their Results:

1. Re-appointment of Mr. Vinod Rai as Chairman and Non-Executive Independent Director for a Second Term of Three Years: The special resolution for the re-appointment of Mr. Vinod Rai received overwhelming support from the shareholders. With 99.24% votes in favor, this resolution was passed successfully. The total number of votes polled was 832,840,370, of which 826,531,817 were in favor, and 6,308,553 were against.

2. Appointment of Mr. Anish Kumar Saraf as Non-Executive Director: The ordinary resolution for the appointment of Mr. Anish Kumar Saraf also received strong support, with 97.73% of votes in favor. A total of 832,840,404 votes were polled, with 813,910,313 votes in favor and 18,930,091 votes against.

3. Re-appointment of Mr. Salil Nair as Non-Executive Director: The re-appointment of Mr. Salil Nair for a further term as Non-Executive Director was passed with 99.73% of the votes in favor. Out of 832,840,170 votes polled, 830,610,699 votes were in favor, and 2,229,471 were against.

4. Re-appointment of Mr. Anil S Nair as Non-Executive Independent Director for a Second Term of Five Years: The special resolution for the re-appointment of Mr. Anil S Nair also garnered strong approval, with 99.83% votes in favor. The resolution passed with 831,387,671 votes in favor and 1,452,456 votes against, from a total of 832,840,127 votes polled.

Voting Process: The postal ballot process included e-Voting, facilitated through the National Securities Depository Limited (NSDL), which remained open from 09:00 hours on February 19, 2025, to 17:00 hours on March 20, 2025. The company adhered to all relevant provisions and regulations, ensuring transparency in the process. The Scrutinizer for the postal ballot process, Mr. M R Thiagarajan, submitted the final report on March 21, 2025, confirming that all resolutions were passed with the necessary majority.

Conclusion: With the passing of these resolutions, Kalyan Jewellers India Limited ensures the continued leadership of its key directors and strengthens its corporate governance framework. The company remains committed to maintaining transparency and shareholder engagement in all its decisions.

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