Kapston Services Limited has informed the Exchange regarding Notice of Postal Ballot
KAPSTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kapston Services Limited has issued a postal ballot notice to shareholders seeking approval for the re-appointment of Mr. Srikanth Kodali as Managing Director for 3 years with effect from February 6, 2026. The resolution seeks shareholder consent to double his annual remuneration from Rs. 1.80 crore to Rs. 3.60 crore per annum, along with reimbursement of expenses and use of a chauffeur-driven car, driver, and phone at residence. The proposal is being tabled as a Special Resolution, and remote e-voting will be open from March 18, 2026 (9:00 AM IST) to April 16, 2026 (5:00 PM IST). Mr. Kodali is a promoter and holds about 1.44 crore equity shares in the company. For context, Kapston reported FY25 total income of Rs. 688.70 crore and net profit of Rs. 17.83 crore, up from Rs. 520.09 crore and Rs. 12.57 crore in FY24.
Retail shareholders should review the doubled promoter remuneration carefully against the company's improving but still modest profit base, as it can be a sensitive governance matter. Approval is likely given the promoter's large shareholding, but investors should still cast their vote during the e-voting window to register dissent if they disagree.