Indian Terrain Fashions Limited has informed the Exchange regarding Notice of Postal Ballot
INDTERRAIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Terrain Fashions Limited has issued a Postal Ballot notice to shareholders for three special resolutions. The first seeks approval to appoint Mr. J Suresh (former Indian Revenue Service officer) as Non-Executive Independent Director for a 5-year term starting 21st April 2026. The second and third seek approval to re-appoint Mr. Venkatesh Rajagopal as Executive Chairman & Whole-time Director and Mr. Charath Ram Narsimhan as Managing Director & CEO, both for 3 years effective 8th August 2026. Mr. Rajagopal's fixed pay is set at Rs. 1.15 crore per annum plus at least 2% of operating profits as variable pay, while Mr. Narsimhan's fixed pay is Rs. 96 lakh per annum plus the same 2% variable component. Remote e-voting runs from 29th April 2026 to 28th May 2026, with results to be announced on or before 30th May 2026.
This is a routine governance exercise – leadership continuity is being maintained by re-appointing both the Executive Chairman and MD & CEO, with a new Independent Director being added to strengthen the board. For shareholders, the key item to watch is the management remuneration, which is linked to operating profits (at least 2% each for two top executives) and includes a minimum guaranteed payout even in years of inadequate profits, so investor attention should focus on operating performance that drives the variable component.