Intimation of Notice of EGM to be held on June 24, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Naapbooks Limited has called an EGM on Wednesday, June 24, 2026 at 4:00 PM IST at its registered office in Ahmedabad. The cut-off date for eligibility to vote is June 19, 2026. Voting will be by show of hands or poll, as the company is not required to provide e-voting facility. The EGM will consider four special resolutions: (1) Reappointment of Mr. Yaman Saluja as Whole-Time Director for 5 years (Jan 12, 2026 to Jan 11, 2031); (2) Revision in his salary from Rs. 12 lakh to Rs. 50 lakh per annum for FY2026-27 to FY2028-29; (3) Revision in salary of Executive Director Mr. Ashish Jain from Rs. 15 lakh to Rs. 50 lakh per annum; (4) Approval of Rs. 25 lakh per annum remuneration for Non-Executive Director Mr. Abhishek Jain. The company's standalone revenue grew from Rs. 7.77 crore (FY24) to Rs. 17.55 crore (FY26), with profit after tax rising from Rs. 1.66 crore to Rs. 8.30 crore.
Shareholders will vote on significant salary hikes for promoter-directors (Yaman Saluja's pay jumps over 4x, Ashish Jain's over 3x). These are related-party resolutions requiring special majority approval. While strong revenue and profit growth (FY26 revenue up 44% YoY) provides context for higher pay, retail investors should note that managerial remuneration is being allowed to exceed statutory Section 197 limits.