Postal Ballot Notice for seeking approval of Shareholder of The Company.
GRAUWEIL · price
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Grauer & Weil (India) Ltd has issued a Postal Ballot Notice dated February 13, 2026, seeking shareholder approval to revise the remuneration of Mr. Rohitkumar More (DIN: 00139797), Whole-time Director, effective January 1, 2026. He currently draws Rs. 63.18 Lacs per annum plus a performance incentive of up to Rs. 30 Lacs per annum. The proposed maximum remuneration is up to Rs. 2.00 Crore per annum as salary, up to Rs. 1.25 Crore per annum as commission, plus various perquisites such as car with driver, medical allowance, club fees, and insurance. The revision is justified on the basis of improved performance of the Engineering Division, expanded responsibilities including oversight of subsidiary Kamtress Automation Systems Pvt. Ltd., and alignment with industry benchmarks. E-voting will run from March 5, 2026 (9:00 a.m.) to April 3, 2026 (5:00 p.m.), with the cut-off date being February 20, 2026.
This represents a significant jump in executive pay — the proposed maximum of Rs. 3.25 Crore per annum (salary plus commission) is more than 3x the current fixed pay. Shareholders will vote on this via remote e-voting; if approved, it will increase the company's annual payout to its Whole-time Director and may modestly impact the cost-to-income ratio. Approval is being sought as an Ordinary Resolution, so a simple majority suffices.