Noida Toll Bridge Company Limited has informed the Exchange regarding Notice of Postal Ballot for Remuneration of Whole Time Director
NOIDATOLL · price
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Awaiting price reaction for this filing.
Noida Toll Bridge Company has issued a Notice of Postal Ballot to seek shareholder approval for the remuneration of its Whole Time Director. Shareholders will be able to vote on the resolution through remote e-voting. The company has set a cut-off date and voting timeline for eligible members to cast their votes. This is a regulatory requirement under the Companies Act, 2013, and SEBI's LODR Regulations, where listed companies must obtain shareholder approval for whole-time director remuneration, especially in cases of loss or inadequacy of profits.
This is a routine governance and compliance action — no immediate impact on share price is expected unless shareholders reject the proposed remuneration, which would be unusual. Investors should review the quantum of remuneration disclosed in the postal ballot notice to assess if it is reasonable given the company's financial performance.