Karma Energy files 19th annual report, 19th AGM set for July 23, 2026
KARMAENG · price
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Karma Energy has submitted its 19th annual report for FY ended March 31, 2026 and fixed the 19th AGM on July 23, 2026 at 2 PM via video conferencing. Three items are on the agenda: adoption of FY26 audited financials, re-appointment of director Neelkamal V. Siraj by rotation, and a special resolution to re-appoint Managing Director Chetan Mehra for three years from December 1, 2026 to November 30, 2029. His fixed salary is set to rise from Rs. 26 lakh to Rs. 50 lakh per year starting August 1, 2026, plus commission up to 10 percent of profit before tax. Cut-off date for voting eligibility is July 16, 2026; e-voting runs July 20 to 22, 2026 through NSDL.
Shareholders should note July 16 cut-off to vote; key resolution seeks a near doubling of MD salary, warranting review before voting July 20-22.