Amber Enterprises India Limited has informed the Exchange regarding Notice of 35th Annual General Meeting of the Company scheduled to be held on Monday, 11 August, 2025 at 03:00 P.M. IST through Video Conference/Other Audio Visual Means.
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Amber Enterprises India Limited has issued the notice for its 35th Annual General Meeting to be held on Monday, 11 August 2025 at 3:00 PM IST via Video Conference. The cut-off date for e-voting eligibility is 1 August 2025, with remote e-voting open from 8 August (9:00 AM) to 10 August (5:00 PM). Key business items include: adoption of FY25 audited financial statements, re-appointment of Managing Director Mr. Daljit Singh, ratification of Cost Auditor remuneration of ₹60,000, and appointment of Ms. Malavika Bansal as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). Two significant resolutions seek shareholder approval to raise the remuneration of Executive Chairman & CEO Mr. Jasbir Singh (from ₹2.5 Cr to ₹3.5 Cr per annum) and Managing Director Mr. Daljit Singh (from ₹2.22 Cr to ₹3.22 Cr per annum), both with a ceiling of ₹7.5 Cr per annum for 3 years. A separate resolution seeks approval for an overall managerial remuneration cap of ₹20 Cr per annum for all directors.
The most market-relevant items are the managerial remuneration hikes for the top two executives and the enabling resolution to raise up to ₹2,500 Crore through equity, QIP, GDRs/ADRs, FCCBs, NCDs, or warrants — a fund-raising authorization of this size could lead to equity dilution and warrants close attention from shareholders. The remuneration increases (a 40-45% hike in fixed pay plus performance-linked commission) are not insignificant and may draw scrutiny from institutional investors and proxy advisors.