Submission of Notice of Postal Ballot- Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" SEBI Listing Regulations ")
CEINSYS · price
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Ceinsys Tech has sent a Postal Ballot notice to shareholders (e-voting from Feb 13 to Mar 14, 2026) covering four items. First, Mr. Prashant Kamat, who served as Whole Time Director, Vice Chairman and CEO until December 31, 2025, is being regularised as a Non-Executive Non-Independent Director from January 1, 2026. Second, the company is seeking approval for a revision in the remuneration of Managing Director Dr. Abhay Kimmatkar, correcting an inadvertent error in the Provident Fund component from an earlier approval (total pay unchanged at Rs. 1.58 crore per annum). Third, founder and promoter Mr. Sagar Meghe is being moved from Non-Executive Chairman to Whole Time Director and Chairman for a 3-year term at Rs. 4.05 crore per annum. Fourth, Dr. Abhay Kimmatkar is being re-appointed as Managing Director for another 3 years from April 1, 2026 to March 31, 2029 at the same Rs. 1.58 crore annual package.
The key takeaways for shareholders are a CEO transition (Kamat stepping down from executive role), promoter Sagar Meghe taking direct executive control as Whole Time Chairman, and continuity for the Managing Director. The promoter assuming an executive role may be viewed as a governance signal, while Dr. Kimmatkar's reappointment provides management continuity.