Excelsoft Technologies Limited has informed the Exchange regarding Notice of Postal Ballot
EXCELSOFT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Excelsoft Technologies Limited has issued a Postal Ballot Notice seeking shareholder approval via remote e-voting for four resolutions. The key proposals include: (1) Appointment of Dr. Jayakumar Karuppusamy as Non-Executive Independent Director for a 5-year term; (2) Approval of remuneration for Chairman and Managing Director Mr. Dhananjaya Sudhanva with a fixed salary cap of Rs. 4.8 crore per annum plus extensive perquisites including company car, accommodation, and club memberships; (3) Approval of remuneration for Whole Time Director Mrs. Shruthi Sudhanva with a fixed salary cap of Rs. 1.5 crore per annum plus perquisites; and (4) Approval for payment of Rs. 75 lakh to Rs. 1.5 crore per annum to Chief Innovations Officer Mr. Adarsh Sudhindratheertha Mysore, classified as a related party transaction. The e-voting period runs from April 30, 2026 to May 29, 2026.
The resolutions indicate significant executive compensation increases for the leadership team including related parties. If passed, this will increase the company's fixed salary outflows substantially. Shareholders should carefully evaluate whether the remuneration packages are proportionate to company performance, as three of the four resolutions are special resolutions requiring 75% approval.