Linc Limited has informed the Exchange regarding Notice of Postal Ballot
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Linc Limited has sent a Postal Ballot Notice to shareholders for 6 special items requiring their approval through e-voting. The resolutions include appointing Dr. (h.c.) Mamta Binani as a Non-Executive Independent Director for 5 years, and re-appointing the three key Jalan family directors for another 3-year term effective October 1, 2025: Shri Deepak Jalan as Managing Director (salary Rs. 12.5 lakh/month plus up to 3% commission on net profits), Shri Aloke Jalan as Whole Time Director (Rs. 10 lakh/month plus up to 1.5% commission), and Shri Rohit Deepak Jalan as Whole Time Director-Sales & Marketing (Rs. 8.5 lakh/month plus up to 1% commission). Other items seek approval to raise the annual remuneration of Ms. Ekta Jalan (a relative of the MD and WTD) to Rs. 72 lakh, and to approve material related party transactions with Mitsubishi Pencil Co., Ltd. for FY 2025-26. E-voting runs from June 28 to July 27, 2025, with results to be declared on or before July 29, 2025.
These are largely governance and continuity items. The director re-appointments extend the Jalan family's leadership for another three years, and the related party transaction approval with Mitsubishi Pencil is part of ongoing business. The salary increase for Ms. Ekta Jalan may draw attention given her familial relationship with the MD and WTDs, but no immediate material impact on minority shareholders is expected.