Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Proceedings of Postal Ballot
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Duroply Industries sought shareholder approval through a postal ballot (e-voting) for two special resolutions. The first was to revise the remuneration of Mr. Sudeep Chitlangia, Executive Chairman, and the second was to revise the pay of Mr. Akhilesh Chitlangia, Managing Director & CEO. E-voting was conducted via CDSL between August 12 and September 10, 2025, with Mr. Atul Kumar Labh serving as the Scrutinizer. Both special resolutions were passed with the requisite majority on September 10, 2025. The company said it will separately share the detailed voting results along with the Scrutinizer's Report.
Shareholders have formally approved revised pay packages for the company's top two executives, both from the promoter family. This will raise management remuneration costs going forward, but the resolutions being passed indicates shareholder support for the current leadership and its compensation structure.