Enclosed herewith Notice of Postal Ballot
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Dai-Ichi Karkaria Limited has issued a Postal Ballot Notice seeking shareholder approval for the re-appointment of Ms. Meher Vakil Taff (DIN: 07778396) as Managing Director for a fresh 3-year term from April 1, 2026 to March 31, 2029. She will also be redesignated as Vice-Chairperson, Chief Executive Officer and Managing Director as part of succession planning. The proposed basic salary is Rs. 15.35 lakh per month for FY26-27 with 15% annual increments, plus perquisites capped at 115% of basic and a performance incentive up to Rs. 57.86 lakh per annum. Ms. Taff, aged 40, has been with the company for 10 years and currently holds 3,65,000 equity shares (4.90%); she is the daughter of Chairperson Mrs. Shernaz Vakil. E-voting will run from February 19, 2026 to March 20, 2026. For FY25, the company reported revenue of Rs. 18,584 lakh, operating profit of Rs. 1,892 lakh and profit before tax of Rs. 847 lakh, and remains debt-free.
Shareholders must approve this special resolution by March 20, 2026. The re-appointment ensures leadership continuity with a promoter-family member (daughter of the Chairperson) taking on an expanded role with higher responsibilities and increased pay.