KEC International Limited has informed the Exchange regarding Notice of Postal Ballot
KEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KEC International has issued a Postal Ballot Notice dated August 9, 2025, seeking shareholder approval via e-voting (August 15 to September 13, 2025) for two resolutions. The first is the re-appointment of Mr. Vimal Kejriwal as Managing Director & CEO for one year effective April 1, 2026, with a total remuneration package of around Rs. 14.6 crore per annum (basic salary ~Rs. 2 crore, allowances ~Rs. 6.6 crore, and performance bonus up to Rs. 6 crore). Under his leadership, the company's revenue grew from Rs. 8,468 crore (FY15) to Rs. 21,847 crore (FY25), EBITDA tripled to Rs. 1,528 crore, and market cap rose 10x to Rs. 20,837 crore. The second resolution seeks appointment of Mr. Harsh Vardhan Shringla, former Foreign Secretary of India and ex-Ambassador to the US, as Independent Director for a five-year term ending August 8, 2030.
The re-appointment of the existing CEO provides leadership continuity and is likely to be viewed positively given his strong track record on revenue and profitability growth. The addition of a high-profile former diplomat as Independent Director may strengthen governance and the company's external profile, though no immediate material impact on stock price is expected from this routine board-related postal ballot.