KDDL Limited has informed the Exchange regarding Notice of Postal Ballot
KDDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KDDL Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting (from 1st January 2026 to 30th January 2026, cut-off date 26th December 2025). Two key resolutions are proposed: (1) Appointment of Mr. Hanspeter Pieth (DIN: 11423774) as Non-Executive Non-Independent Director w.e.f. 1st February 2026, along with his holding an office/place of profit in subsidiary Pylania AG under a consultancy agreement worth CHF 1,80,000 per annum plus variable performance fee up to CHF 40,000 per annum for three years. (2) Re-appointment of Mr. Yashovardhan Saboo (DIN: 00012158) as Chairman and Managing Director for a further three years w.e.f. 1st April 2026 to 31st March 2029. His proposed total annual pay from KDDL ranges from Rs. 7.10 Cr in FY26-27 to Rs. 8.59 Cr in FY28-29, plus a Long-Term Incentive of Rs. 1.50 Cr per year, and capped remuneration from material subsidiary Ethos Limited ranging from Rs. 3.08 Cr to Rs. 3.73 Cr per year.
Shareholders need to evaluate two governance matters: a new director joining the board with an associated related-party consultancy arrangement at a Swiss subsidiary, and a three-year extension for the founder-promoter MD whose combined remuneration from KDDL and Ethos will exceed statutory limits under Section 197, requiring a Special Resolution. The outcome of the e-voting, expected by 30th January 2026, will confirm leadership continuity and the related-party transaction at Pylania AG.