Paushak Limited has informed the Exchange regarding Notice of Postal Ballot
PAUSHAKLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paushak Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Jain Parkash (DIN: 10922687) as Whole-time Director (Key Managerial Personnel) of the company for a period of 3 years, effective from 1st April 2026. The proposed remuneration is a maximum CTC of Rs. 250 lakhs per annum, subject to an overall ceiling of 10% of net profits under Section 198 of the Companies Act, 2013. Mr. Parkash, aged 59, holds a B.E. in Industrial Engineering from Thapar University and has over 30 years of experience in specialty chemicals, agro-chemicals, and pharma API/intermediates, having previously worked with Punjab Chemicals & Crop Protection Limited and Tagros Chemicals. He joined Paushak in September 2024 as Sr. Vice President - Operational Excellence and also serves as a Non-Executive Director on the Board of Alembic Limited. Voting is open from 19th March 2026 to 17th April 2026 via remote e-voting through NSDL, with results expected on or before 19th April 2026.
This is a routine Board-recommended governance action and approval is highly likely. Shareholders should note the proposed CTC of Rs. 250 lakhs represents an increase from his current drawn remuneration of Rs. 171 lakhs. No material adverse impact on the stock is expected from this appointment.