Please find attached Postal Ballot Notice dated 16th October, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manoj Jewellers Limited (BSE SME, Scrip Code: 544400) has issued a Postal Ballot Notice dated October 16, 2025 seeking shareholder approval via remote e-voting for three special resolutions. All three relate to increasing the managerial remuneration of the company's promoter-directors to up to ₹25 lakhs per annum each, effective July 1, 2025: (1) Mr. Manoj Kumar, Chairman and Managing Director, (2) Mr. Sunil Shantilal, Executive Director, and (3) Mrs. Raj Kumari, Whole Time Director. Combined, the three directors could draw up to ₹75 lakhs per annum. The resolutions also seek approval for remuneration to exceed the maximum limits prescribed under Section 197 of the Companies Act, with minimum remuneration payable even in years of inadequate or no profits. The cut-off date for eligibility is October 10, 2025; e-voting runs from October 20, 2025 (9:00 AM) to November 18, 2025 (5:00 PM), with results to be declared by November 20, 2025.
Shareholders are being asked to approve a combined payout of up to ₹75 lakh per year to three promoter-family directors, with the company seeking flexibility to pay this even without profits. For retail investors, this is a governance watch-item — the increase is modest in absolute terms for an SME, but the waiver of Section 197 limits gives promoters downside protection on pay that minority shareholders may want to evaluate closely.