Orkla India Limited has informed the Exchange regarding Notice of Postal Ballot
ORKLAINDIA · price
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Orkla India Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for a single resolution: payment of remuneration by way of commission to Mr. Atle Vidar Nagel Johansen, Chairman and Non-Executive Director. The proposed commission is NOK 400,000 per annum, with an upper limit of NOK 500,000 per annum (or its INR equivalent), effective from January 1, 2026. The Board approved the remuneration on March 10, 2026, based on the recommendation of the Nomination and Remuneration Committee. The e-voting window runs from March 26, 2026 to April 24, 2026, with results to be declared by April 28, 2026. The total commission payable to all non-executive directors will remain within the 1% of net profits cap prescribed under Section 197 of the Companies Act, 2013.
This is a routine governance item with no material impact on operations, financials, or shareholder value. The remuneration quantum is modest and well within statutory limits. Shareholders are advised to vote on or before April 24, 2026.