Cybertech Systems And Software Limited has informed the Exchange regarding Notice of Postal Ballot
CYBERTECH · price
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Cybertech Systems And Software Limited has issued a Postal Ballot Notice seeking shareholder approval for a Special Resolution to pay an annual incentive of USD 100,000 (in INR equivalent) to Mr. Ramasubramanian Sankaran, Executive Director. The incentive is proposed for three financial years from FY 2026-27 to FY 2028-29, effective April 1, 2026, and is in addition to his existing remuneration approved at the September 26, 2024 AGM. Since the beneficiary is an Executive Director, this qualifies as a related party transaction under Section 188 of the Companies Act, 2013, requiring shareholder approval via special resolution. E-voting runs from February 24, 2026 to March 25, 2026, with results to be declared by March 27, 2026. The incentive is payable at the discretion of the Chairman per NRC and Board recommendations.
For shareholders, this means a small incremental cost (up to ~USD 300,000 over 3 years, subject to forex) going to an Executive Director in addition to his current pay. The proposal is routine for a related-party remuneration matter and is unlikely to materially affect the stock price, though some shareholders may scrutinise executive compensation levels.