JSW Infrastructure Limited has informed the Exchange regarding Notice of Postal Ballot
JSWINFRA · price
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Awaiting price reaction for this filing.
JSW Infrastructure has issued a Postal Ballot Notice dated 23 August 2025 seeking shareholder approval through remote e-voting (30 August to 28 September 2025) for four key items. Item 1: Appointment of Ms. Neeta Mukerji as Non-Executive Independent Director for 3 years (till 22 August 2028) via special resolution. Item 2: Redesignation of Mr. Lalit Singhvi from Whole-Time Director & CFO to Non-Executive, Non-Independent Director effective 1 September 2025, with remuneration up to ₹2.25 crore per annum for 3 years. Item 3 & 4: Appointment of Mr. Devki Nandan Sharma as Director and Whole-Time Director (3 years, till 31 August 2028) with a monthly remuneration ceiling of ₹35 lakh, plus ESOP perquisites. Mr. J Nagarajan (former deputy CFO) will take over as CFO following Mr. Singhvi's superannuation on 31 August 2025.
Routine governance and succession-related items; no major capital action. Shareholders should note the leadership transition at the CFO level and the new WTD appointment, while the high remuneration for the redesignated director and new WTD will need shareholder approval. Likely minimal immediate impact on share price, but reflects orderly succession planning.