Intimation pursuant to the Regulation 30 of the SEBI (LODR) 2015 for the following: 1. revision in remuneration payable to the KMPs. 2. proposed re-appointment of CA Vibha Surana. Non executive ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved revision in remuneration for three KMPs - Whole Time Director & CEO Mr. Pranav Vijay Deshpande, CFO Mr. Pankaj Arun Parkhi, and Company Secretary Ms. Ashwini Sanjay Paranjape - effective 1st April 2026. The revision is required to align salary structures with the new Labour Codes (effective November 2025) that changed the definition of 'Wages'. The financial impact is INR 68,252/- which is 1.03% of employee benefit expenses for the current financial year. No fresh shareholder approval is needed as the 86th AGM already approved the overall remuneration limit. Additionally, the Board recommended re-appointment of CA Vibha Surana as Non-Executive Non-Independent Director, subject to shareholder approval at the ensuing AGM. She is a Chartered Accountant with finance and investment background.
This is a routine governance update with minimal financial impact (1.03%). The KMP revision appears routine compliance with new labour laws, and the director re-appointment is standard practice for directors retiring by rotation.