Ajmera Realty & Infra India Limited has informed the Exchange regarding Notice of Postal Ballot
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Ajmera Realty & Infra India has issued a Postal Ballot Notice dated May 14, 2025, seeking shareholder approval through remote e-voting for four special resolutions. Items 1 and 2 propose revisions in the remuneration of Mr. Manoj I. Ajmera (Managing Director) and Mr. Sanjay C. Ajmera (Whole-Time Director), with revised basic salary scales of Rs. 15–20 lakh/month and Rs. 11–15 lakh/month respectively, effective April 1, 2025. Item 3 seeks approval to give loans, guarantees, or make investments up to Rs. 200 crore in Ajmera Housing Corporation Bangalore (a step-down subsidiary). Item 4 seeks a similar approval of up to Rs. 250 crore for Ajmera Bora Associates (a subsidiary). The e-voting window runs from May 21, 2025 (9:00 AM) to June 19, 2025 (5:00 PM), with results to be announced on or before June 23, 2025. The last drawn remuneration was Rs. 119.10 lakh for the Managing Director and Rs. 55.80 lakh for the Whole-Time Director.
Shareholders will get to vote on increased pay for the two promoter directors, which could marginally affect future profit allocation. The combined Rs. 450 crore funding approval for subsidiaries signals continued capital deployment in real estate projects, with execution risk and returns dependent on subsidiary-level performance.