Kokuyo Camlin Limited has informed the Exchange regarding Notice of Postal Ballot
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Kokuyo Camlin has issued a postal ballot notice seeking shareholder approval for three special resolutions. The first two seek approval to pay perquisites of up to ₹16 lakh per annum to Chairman Dilip D. Dandekar and up to ₹12.5 lakh per annum to Vice Chairman Shriram S. Dandekar (both Non-Executive Directors and promoters) for FY 2026-27. The third resolution seeks approval for a revision in remuneration for Managing Director Satish Veerappa, effective 1 January 2026 to 31 March 2027, with a monthly salary of ₹7,84,800 plus HRA of ₹3,05,200, medical allowance of ₹2,72,500, car allowance of ₹33,000, and a maximum variable pay of ₹91,69,500 per annum. E-voting runs from 25 February 2026 to 26 March 2026, with results expected by 27 March 2026. The document also notes a prior inventory discrepancy of ₹2,356.81 lakhs that impacted FY24-25 profits.
This is a routine governance exercise with no material impact on shareholders. The MD's revised pay is within the previously approved 15% annual increase cap, and the promoter directors' perquisites are modest. Investors should note the inventory-related hit to FY24-25 earnings mentioned in the explanatory statement.