Please find enclosed herewith the Notice of the Postal Ballot dated 19-02-2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IST Limited has issued a Postal Ballot Notice dated February 19, 2026, seeking shareholder approval for two ordinary resolutions. Both relate to increasing the remuneration of two related-party employees working at Gurgaon Infospace Limited (GIL), the company's wholly owned subsidiary, from Rs. 29.40 Lacs to Rs. 60 Lacs per annum, effective January 1, 2026. Item 1 covers Mrs. Shweta Gupta (wife of Director Mr. Mayur Gupta and daughter-in-law of Whole-time Director Mrs. Sarla Gupta), currently Manager (Operations) at GIL since November 2012, whose salary has remained unchanged for nearly a decade. Item 2 covers Mrs. Priyankka Guptaa (wife of Director Mr. Gaurav Guptaa and daughter-in-law of Mrs. Sarla Gupta), Manager (Public Relations) at GIL since November 2012, also with no revision since 2016. Each resolution also authorizes GIL's Board to raise the pay further up to Rs. 1 Crore per annum at 10% annually, with Audit Committee approval. E-voting runs from February 21, 2026 to March 22, 2026; results will be announced by March 24, 2026.
These are related-party transactions requiring shareholder approval since the proposed pay exceeds the Rs. 30 Lacs threshold under Section 188 of the Companies Act. The moves signal a long-overdue pay revision for family members of directors/promoters in the subsidiary. While routine for promoter-driven small-cap companies, investors should assess whether the new remuneration levels align with the size and performance of GIL's business.