Exicom Tele-Systems Limited has informed the Exchange regarding Notice of Postal Ballot
EXICOM · price
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Exicom Tele-Systems has sent out a Postal Ballot Notice to shareholders seeking approval for two special resolutions related to director remuneration. The first resolution seeks approval to pay remuneration to Mr. Anant Nahata (Managing Director and CEO, also a Promoter) for the period April 1, 2026 to July 6, 2028, with a maximum salary of ₹2.08 crore per annum plus a performance-linked commission of up to 2% of net profits. The second resolution seeks approval for remuneration to Mr. Vivekanand Kumar (Whole-time Director) for August 21, 2026 to August 20, 2028, with a maximum salary of ₹1.25 crore per annum. Both approvals are needed because the proposed pay exceeds statutory limits under Section 197 of the Companies Act. E-voting will run from March 6, 2026 to April 4, 2026, with results declared on or before April 7, 2026. Promoters and promoter group members will abstain from voting on Mr. Nahata's resolution.
This is a routine governance exercise to formalize already-approved director tenures and their pay terms. Shareholders should review the proposed pay packages and vote accordingly; the resolutions require a higher 'special resolution' majority to pass. No immediate impact on stock price is expected, but rejection by shareholders could create governance uncertainty.