Announced Mon, 15 Jun · 13:07 IST
Postal ballot: Palkar family re-appointment & director pay hikes
Management Changes View source PDF
INDOAMIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹131.50
prior close
₹133.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Indo Amines seeks shareholder approval via postal ballot (e-voting June 16–July 15, results by July 17) for four special resolutions: (1) re-appointment of Mrs. Bharati Palkar as Whole-Time Director for 3 years from July 20, 2026 (pay up to Rs. 3 crore/yr); (2) raise MD & CEO Vijay Palkar's pay to up to Rs. 3 crore/yr for FY27; (3) raise Joint MD Rahul Palkar's pay to up to Rs. 3 crore/yr; (4) raise WTD Saji Jose's pay to up to Rs. 50 lakh/yr.
Likely market impact
Palkar family dominates board and senior management pay. Re-appointment of 70-yr-old director and higher payouts warrant governance scrutiny; voting ends July 15.