Eimco Elecon (India) Limited has informed the Exchange regarding Notice of Postal Ballot
EIMCOELECO · price
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Eimco Elecon has issued a Postal Ballot Notice seeking shareholder approval to appoint Mr. Kamlesh Nalin Shah (DIN: 08629181) as a Director and as Whole-time Director designated as Executive Director for a 3-year term from 10th September 2025 to 9th September 2028. Mr. Shah, a Chartered Accountant with 27 years of experience in finance, strategy, M&A and corporate restructuring, has been with the Elecon Group for over 5 years. His proposed remuneration includes a basic salary of Rs. 4.80 lakh per month, allowances of Rs. 8.55 lakh per month, and variable incentives of up to Rs. 25 lakh per year. The remote e-voting period runs from 7th August 2025 to 5th September 2025. The company reported FY25 revenue of Rs. 264.80 crore and profit after tax of Rs. 48.91 crore.
This is a routine board strengthening move through postal ballot and does not signal any governance red flag. Shareholders should review Mr. Shah's profile and remuneration details before voting; the outcome will formalize his executive role at the company.