OnMobile Global Limited has informed the Exchange regarding Notice of Postal Ballot
ONMOBILE · price
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OnMobile Global has sent out a postal ballot notice to shareholders seeking approval for two resolutions. The first is the appointment of Radhika Venugopal (DIN: 10548693) as a Director of the company, and the second is her appointment as Whole-time Director and CFO for the period from May 20, 2025 to March 26, 2027. She is already serving as the company's CFO and brings nearly 20 years of experience in global finance, with previous stints at Vodafone and IFB Industries. Her proposed pay package includes a fixed salary of Rs. 1.5 crore per year, a variable pay of Rs. 50 lakh per year, and she holds 3,40,008 outstanding ESOPs under various company plans. E-voting starts on May 22, 2025 and ends on June 20, 2025, with results expected by June 22, 2025.
This is a routine governance move to formalize the elevation of the existing CFO to the board. The remuneration terms are already disclosed and do not suggest major disruption. For shareholders, it is a procedural vote with little material impact on the stock, though it signals continuity in the finance leadership during a phase where the company has improved its profitability from Rs. 29 lakh in FY24 to Rs. 84.45 lakh in FY25.