Balkrishna Industries seeks approval for director re-appointments, reduced pay

Balkrishna Industries Limited announced a postal ballot notice on December 22, 2025, to secure shareholder approval for several key directorial changes. The company proposes the re-appointment of Arvind Poddar as chairman and managing director for a five-year term, effective August 1, 2026. His proposed annual remuneration will be capped at INR 35 crore, a 26% reduction from the INR 47.54 crore paid in FY 2024-25. The aggregate remuneration for both promoter directors, including Rajiv Poddar, will be capped at INR 65 crore per annum, a 31% reduction from FY 2024-25.

Additionally, shareholders will vote on the appointment of Natarajan Gnanaskandan Tanjore as an independent director for five consecutive years and Ashok Saraf as a non-executive non-independent director, both effective February 1, 2026. The postal ballot process will be conducted via remote e-voting, commencing on December 24, 2025, and concluding on January 22, 2026.

The company's board of directors unanimously recommends approval for all proposed resolutions. These appointments are crucial as Balkrishna Industries aims to strengthen its leadership and continue its strategic vision of transforming from a specialized off-highway tire manufacturer to a diversified global manufacturing powerhouse by 2030, targeting INR 23,000 crore in revenue.