Announced Mon, 15 Jun · 13:09 IST
Postal Ballot: Re-appoint Bharati Palkar as WTD, raise pay for MD, Jt MD, WTD
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
+0.0-0.3-0.3-0.5+0.5-0.2+2.3+8.3+8.4+7.8-1.9-4.7——
Up moveDown movePending
AI summary
Indo Amines seeks shareholder approval via postal ballot (e-voting June 16 – July 15, 2026) for 4 resolutions: (1) Re-appoint Mrs. Bharati Palkar (wife of MD) as WTD for 3 years till July 2029 at up to ₹3 Cr/yr; (2) Raise pay for MD & CEO Vijay Palkar up to ₹3 Cr/yr for FY27; (3) Raise pay for Jt MD Rahul Palkar (MD's son) up to ₹3 Cr/yr; (4) Raise pay for WTD Saji Jose up to ₹50 lakh/yr. Results on July 17.
Likely market impact
Shareholders vote by July 15 on higher pay for 3 Palkar family directors and re-appointment of Mrs. Bharati Palkar as WTD for 3 more years.