Pursuant to Regulation 30 of SEBI Listing Regulations, please find enclosed herewith Notice of Postal Ballot dated 15th May, 2026 for seeking approval of the Members of the Company to transact ....
MCLEODRUSS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
McLeod Russel India Ltd is seeking shareholder approval via postal ballot for four resolutions. First, Mr. Aditya Khaitan is being re-appointed as Managing Director for 3 years from 17th May 2026, with proposed monthly salary of Rs. 15 lakh (grade Rs. 15-20 lakh) plus variable allowance up to Rs. 6 lakh. His past remuneration was approximately Rs. 310 lakh annually over the last three fiscal years. Second, Mr. Pradip Bhar is being appointed as Director and Whole-Time Director designated as Whole-Time Director and Chief Financial Officer for 3 years from 27th April 2026. The company notes it has a Debt Resolution Plan under process and improving tea industry outlook. Voting period runs from 29th May 2026 to 27th June 2026.
Shareholders should approve these routine governance appointments. The continuation of Mr. Khaitan's leadership and addition of Mr. Bhar as CFO provides management stability, though the company faces ongoing debt resolution challenges.