Announced Sat, 5 Sept · 12:22 IST

Board approves 16th AGM on Sept 29, hikes director remuneration

Board & Shareholder Meetings View source PDFExplain this filing

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AI summary

Board fixed the 16th AGM for Sept 29, 2026 at 11:00 AM at the registered office in Thane. Record date for AGM and final dividend is Sept 22, 2026; share transfer books stay closed Sept 23-29. Approved FY26 Annual Report and Directors Report, with e-voting window from Sept 25 to Sept 28. Approved about 51 percent hike in remuneration of Whole-time Director Oswald Dsouza and Managing Director Felix Kadam, from Rs 43.75 lakh to Rs 66.25 lakh per annum, effective FY27, subject to shareholder approval. Appointed Jaymin Modi and Co as AGM scrutinizer.

Likely market impact

Final dividend eligibility locked at Sept 22 record date. Director pay hike of about 51 percent needs shareholder nod at the upcoming AGM.