Paradeep Phosphates Limited has informed the Exchange regarding Notice of Postal Ballot
PARADEEP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paradeep Phosphates Limited has issued a Postal Ballot Notice for three Special Resolutions to be voted on by shareholders via remote e-voting from March 28, 2026 to April 26, 2026 (cut-off date: March 20, 2026). The first resolution seeks to re-appoint Mr. N Suresh Krishnan as Managing Director for 3 years (Feb 16, 2026 – Feb 15, 2029) with a basic salary of Rs. 16.91 lakh/month (range Rs. 16–25 lakh) and perquisites up to Rs. 18.43 lakh/month; he earned Rs. 727.59 lakhs in FY25. The second resolution proposes appointing Mr. K K Rajeev Nambiar as Joint Managing Director for 3 years (Apr 1, 2026 – Mar 31, 2029) with a basic salary of Rs. 9.19 lakh/month (range Rs. 9–20 lakh) and perquisites up to Rs. 8.42 lakh/month. The third resolution seeks shareholder approval to appoint Mr. Marco Philippus Ardeshir Wadia as a Non-Executive Independent Director for 5 years (Mar 18, 2026 – Mar 17, 2031) and allow him to continue post the age of 75. Results will be announced on or before April 28, 2026.
These are governance/leadership continuity items rather than operational or financial triggers. Shareholders should review the proposed managerial remuneration packages, particularly the re-appointment of the MD and the new JMD role. Stock price impact is expected to be limited unless shareholders raise material objections to the remuneration levels.