Postal ballot seeks approval for MD and CEO re-designation and operations director
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Postal ballot dispatched for shareholder approval. Harshvardhan Goenka, currently Executive Director, is proposed as Managing Director and CEO for five years from November 14, 2026, with minimum annual pay of 26.28 million rupees. Rajesh Naik is proposed as Executive Director for Operations for five years from November 6, with annual cost of 25 million rupees plus performance-linked retention awards. Voting ends Dec 6; results due Dec 8, 2026.
Subject to shareholder approval, the change supports leadership continuity and adds operations experience, but retention payouts may raise costs.