Announced Mon, 22 Jun · 13:20 IST
Postal Ballot: Remuneration approval for promoter's daughter
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+17.9%1-day move
₹543.00
prior close
₹622.00
base price
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AI summary
Coral Laboratories has issued a postal ballot notice to shareholders to approve a pay rise for Ms. Meera Doshi, daughter of promoter Mr. Chetan Doshi. She is the Head of Business Strategy. Proposed pay is up to Rs. 6.5 lakh per month plus benefits, effective August 1, 2026. E-voting runs from June 23 to July 22, 2026, with results declared by July 24, 2026.
Likely market impact
Shareholders will vote on a related-party pay hike of up to Rs 6.5 lakh a month for a promoter's daughter from August 2026.