Goa Carbon Limited has informed the Exchange regarding Notice of Postal Ballot
GOACARBON · price
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Goa Carbon Limited has issued a Postal Ballot Notice dated 20 June 2025 seeking shareholder approval via special resolution for the re-appointment of Mr. Anupam Misra (DIN: 09615362) as Whole-time Director designated as Executive Director and KMP for a further period of 2 years (28 May 2025 to 27 May 2027). The proposed salary scale is Rs. 110–125 lakhs per annum, with performance pay of 1% of net profit capped at Rs. 20 lakhs, a 4-month notice period, and no severance fees. Mr. Misra's FY25 remuneration was Rs. 122.10 lakhs. Remote e-voting opens 28 June 2025 and closes 28 July 2025, with results declared on or before 30 July 2025. The company's FY25 results showed a sharp decline — total income fell to Rs. 51,983.57 lakhs (from Rs. 1,07,146.61 lakhs in FY24) and it swung to a loss after tax of Rs. 2,202.63 lakhs, with no dividend declared, attributed to higher input costs and volatile market conditions.
Shareholders should review the re-appointment and remuneration terms carefully, especially given the company's swing to losses in FY25. The outcome of the postal ballot could affect leadership continuity and future executive pay decisions, but the vote itself is unlikely to cause immediate share price movement.