Chaman Lal Setia Exports Limited has informed the Exchange about Shareholders meeting
CLSEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Chaman Lal Setia Exports has sent out a postal ballot notice to shareholders for three special resolutions. The first resolution seeks to re-appoint Mrs. Pooja Kukar (DIN: 08846984) as an Independent Director for a second term of five years starting August 28, 2025. The second and third resolutions seek to re-appoint Mr. Vijay Kumar Setia (age 72) as Chairman and Managing Director and Mr. Rajeev Setia as Joint Managing Director, each for a five-year term from August 28, 2025 to August 27, 2030. Both promoter-executives will receive a basic salary of ₹15 lakh per month plus variable commission, perquisites, and allowances. The ballot also seeks approval under SEBI Regulation 17(6)(e) since the combined promoter-director remuneration may exceed 5% of net profits in any year. Remote e-voting through CDSL runs from July 15, 2025 (10:00 a.m.) to August 13, 2025 (5:00 p.m.), with results to be announced within two working days thereafter.
Existing promoter-led management is set to continue for another five years, providing leadership stability. The shareholder vote on enhanced promoter remuneration exceeding 5% of net profits is a routine formality but investors should note rising fixed compensation costs.