Balkrishna Industries has responded to the liAS VMS voting recommendation regarding the postal ballot dated 19th December, 2025. The company clarified its policy regarding reimbursement of expenses for the Chairman & Managing Director’s spouse/attendant(s) during business trips, stating that such reimbursements will not exceed Rs. 2 crore p.a. The company urges a review of the voting recommendation.
Response to Voting Recommendation
Balkrishna Industries Ltd. has issued a response to the liAS VMS voting recommendation concerning the postal ballot dated 19th December, 2025. This announcement, dated 9th January, 2026, serves as a further clarification regarding certain aspects of company policy.
Clarification on Reimbursement Policy
The company addresses concerns regarding the reimbursement of expenses for the spouse or attendant(s) of Mr. Arvind Poddar, Chairman & Managing Director, when accompanying him on business trips. Balkrishna Industries clarifies that the total reimbursement claimed by him from the company for these expenses will not exceed Rs. 2 crore per annum.
Call for Recommendation Review
The company states its confidence that the provided information clarifies previous apprehensions and doubts. They request that the recommendation be revised to vote ‘FOR’ the resolution. This request is based on the additional details provided in the company’s letter.
Source: BSE
