Ethos Limited has informed the Exchange regarding Notice of Postal Ballot
ETHOSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ethos Limited has issued a Postal Ballot notice seeking shareholder approval for the re-appointment of Mr. Yashovardhan Saboo (DIN: 00012158) as Chairman and Whole-Time Director for a 3-year term from April 1, 2026 to March 31, 2029, along with his remuneration. This is being sought as a Special Resolution because he will turn 70 during the proposed tenure and his aggregate remuneration (from Ethos and holding company KDDL Limited) exceeds statutory limits under Section 197/Schedule V of the Companies Act. His proposed total remuneration from Ethos rises from ₹2.80 Cr in FY26 to ₹3.73 Cr in FY29. E-voting runs from February 26, 2026 to March 27, 2026, with results to be declared by March 29, 2026. FY25 standalone total income was ₹1,276.51 Cr and PAT was ₹98.25 Cr.
This is a routine governance/leadership continuity matter rather than a value-altering event. Shareholders should cast their vote before March 27, 2026; rejection is unlikely given the founder-promoter status of Mr. Saboo and likely minimal impact on the stock price.