Archies Limited has informed the Exchange regarding Notice of Postal Ballot
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Archies Limited is seeking shareholder approval via postal ballot for the re-appointment of Mr. Varun Moolchandani as Executive Director for 2 years starting 05.05.2026. The appointment was recommended by the Nomination & Remuneration Committee and Audit Committee. His basic salary is Rs. 2,07,700 per month with the Board authorized to revise it up to Rs. 2,45,000 per month. He will also receive perquisites up to 60% of basic salary including housing, medical, provident fund, and other benefits. The remuneration is also payable as minimum remuneration even if profits are inadequate. E-voting is open from 08th May 2026 to 06th June 2026, with results to be declared by 08th June 2026.
This is a routine board appointment extending the tenure of an existing executive director. The continuation of current leadership suggests stability in company operations and should not have any negative impact on shareholders.