JTEKT India Limited has informed the Exchange regarding Addendum to the Notice of 41st Annual General Meeting to be held on August 28, 2025
JTEKTINDIA · price
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JTEKT India has issued an addendum to its 41st AGM notice (scheduled for August 28, 2025) to seek shareholder approval for revising the remuneration of its Wholetime Director Mr. Yosuke Fujiwara. The basic salary (Rs. 4 lakh/month) and rent-free accommodation (Rs. 4.5 lakh/month) remain unchanged, but three new perquisites are being added: chauffeur-driven car for family use, school fee reimbursement for dependent children, and shifting/relocation reimbursement to Japan upon end of tenure. The revised terms are effective July 1, 2025 and run through January 31, 2027. The addendum was dispatched electronically to shareholders after the original AGM notice had already been sent.
This is a routine governance item seeking shareholder approval for previously overlooked expatriate benefits; the core salary is unchanged so the financial impact on the company is minor. Approval is expected to be a formality and is unlikely to move the stock price, though it is a required Special Resolution under the Companies Act.