Postal Ballot: Approval of WTD Remuneration

Board & Shareholder Meetings View source PDF

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₹32.80

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AI summary

MPDL Limited seeks shareholder approval via postal ballot for the remuneration of Mr. Santosh Kumar Jha, Whole Time Director. Proposed monthly gross salary is Rs. 1,85,428 (Rs. 22.25 lakhs per annum), up from Rs. 20.75 lakhs earlier. E-voting runs from June 30 to July 29, 2026. The company has inadequate profits and effective capital of Rs. 58.36 crore, so approval is sought under Schedule V for minimum remuneration.

Likely market impact

Routine governance item; modest pay rise for WTD. No immediate stock impact, but watch voting outcome for shareholder dissent.