Gujarat Fluorochemicals Limited has informed the Exchange regarding Notice of Postal Ballot
FLUOROCHEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gujarat Fluorochemicals Limited is seeking shareholder approval via postal ballot to revise the remuneration of Dr. Bir Kapoor, Deputy Managing Director, from Rs. 6.00 crore per annum to Rs. 8.00 crore per annum, a 33% increase, effective 1st April 2025 until the end of his current term on 2nd November 2026. The board approved this on 12th February 2026 on the recommendation of the Nomination and Remuneration Committee, citing the company's growth, profitability, expansion, and Dr. Kapoor's increased responsibilities. Dr. Kapoor, an IIT Kanpur Chemical Engineer with a PhD from City University of New York and 38 years of industry experience, was first appointed as Deputy MD on 3rd November 2023. Remote e-voting runs from 14th February to 15th March 2026, with results to be declared on or before 17th March 2026.
A 33% pay hike for the Deputy MD requiring shareholder consent; the resolution is likely to pass given the growth narrative, though investors focused on pay-for-performance may want to see the increase justified by results. No immediate material impact on stock price expected unless shareholders vote against the resolution.