Intimation of the Notice of Postal Ballot dated May 28, 2026.
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Jetking Infotrain Limited is seeking shareholder approval via postal ballot (e-voting) for the re-appointment of Mr. Harsh Bharwani as Managing Director & CEO for 3 years from August 31, 2026 to August 30, 2029. His proposed annual remuneration is Rs. 92 lakhs (Rs. 82 lakhs basic salary + Rs. 10 lakhs perquisites), a significant increase from his current monthly salary of Rs. 6.83 lakhs. Mr. Bharwani, aged 44, has over 22 years of experience in HR Sales and International Business and currently holds 5,28,118 equity shares. The company's financial performance shows volatility with losses in FY 2023-24 (Rs. 309 lakhs) and FY 2025-26 (Rs. 134 lakhs), but profit of Rs. 343 lakhs in FY 2024-25. E-voting runs from June 1 to June 30, 2026, with results expected by July 2, 2026.
Shareholders should vote on this resolution as it determines leadership continuity. The proposed remuneration increase despite inconsistent profitability may attract scrutiny. The related party nature (family member) requires careful shareholder consideration.