Board approves 40th AGM notice, raises MD remuneration to Rs 60 lacs
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Board met on 23 July 2026 and approved the 40th AGM notice with Integrated Annual Report. AGM set for 3 September 2026 via video conferencing. Board seeks shareholder approval to raise Managing Director Karthik Sundar Iyer's pay from Rs 30 lacs to Rs 60 lacs per annum. Continuing CEO Sundar Iyer's Rs 60 lacs pay for 3 more years also needs approval. Share register closes 28 August to 3 September 2026. Related party transactions including borrowings up to Rs 5000 lacs also need shareholder nod.
Shareholders will vote on MD and CEO pay hikes, related party deals, and adopt FY26 accounts at the 40th AGM on 3 September 2026.