Fiem Industries Limited has informed the Exchange regarding Notice of Postal Ballot
FIEMIND · price
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Fiem Industries has sent a Postal Ballot notice to shareholders seeking approval for the re-appointment of Mr. Vineet Sahni (DIN: 03616096) as Chief Executive Officer & Whole-time Director for a further 3-year term starting May 1, 2026. His proposed gross salary is Rs. 30 lakh per month along with standard perquisites like car, insurance, and telephone, with no change from his current remuneration. Mr. Sahni, aged 61, has 38 years of automotive industry experience and previously served as Group CEO at Lumax Group before joining Fiem Industries in May 2023. E-voting via NSDL runs from February 26, 2026 to March 27, 2026, with results expected by March 28, 2026. Cut-off date for shareholder eligibility is February 20, 2026.
This is a routine re-appointment of the existing CEO at unchanged remuneration, signalling board continuity. Shareholders should vote during the e-voting window; no material change to the company's leadership or pay structure is proposed.