Postal ballot for revision in remuneration of two Joint Managing Directors

Board & Shareholder Meetings View source PDF

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AI summary

Polycab India postal ballot seeks shareholder approval for revision in remuneration of Joint Managing Directors Mr. Bharat A. Jaisinghani and Mr. Nikhil R. Jaisinghani, effective April 1, 2026 till May 12, 2031. Annual basic pay set at Rs 2.5 crore (max Rs 5 crore), plus allowances and performance pay up to 100 percent of basic each. Total capped at 0.50 percent of net profits. E-voting July 25 to August 23, 2026.

Likely market impact

Shareholders will vote on higher pay for two promoter JMDs. Routine remuneration revision with overall cap at 0.50 percent of net profits.