Board to approve 12.5 percent pay hike for Executive Director via Postal Ballot

Board & Shareholder Meetings View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.2% vs market

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AI summary

Board meeting on October 19, 2026 will consider a 12.5 percent rise in remuneration for Arun Mitter, Executive Director, effective August 1, 2026. The Nomination and Remuneration Committee has already approved it. A Postal Ballot will seek shareholder approval under Sections 197, 198, 200 and 203 of the Companies Act, 2013 and SEBI LODR Regulation 17(6)(e). CDSL and Alankit Assignments have been appointed for the remote e-voting process, with Anjali Yadav and Associates as Scrutinizer.

Likely market impact

Modest pay hike for Executive Director needing shareholder approval via Postal Ballot. Minor governance event with limited material impact on the stock.