Mcleod Russel India Limited has informed the Exchange regarding Notice of Postal Ballot
MCLEODRUSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
McLeod Russel India Limited has issued a postal ballot notice seeking shareholder approval for four resolutions. First, re-appointment of Mr. Aditya Khaitan as Managing Director for 3 years from 17th May 2026 with monthly salary of Rs. 15-20 lakhs plus allowances and perquisites. His past remuneration was approximately Rs. 310 lakhs per year. Second, approval for his remuneration package. Third, appointment of Mr. Pradip Bhar as Director. Fourth, appointment of Mr. Pradip Bhar as Whole-Time Director designated as Whole-Time Director and Chief Financial Officer for 3 years from 27th April 2026, noting he will be over 70 years during the tenure. Voting period runs from 29th May 2026 to 27th June 2026.
Shareholders should vote on these appointments. The re-appointment of Aditya Khaitan maintains continuity in leadership, while Pradip Bhar's appointment combines WTD and CFO roles, suggesting potential cost savings or streamlined management structure. No immediate material impact expected on stock price from routine governance matters.