Prime Securities Limited has informed the Exchange regarding Notice of Postal Ballot
PRIMESECU · price
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Prime Securities Limited has issued a Postal Ballot Notice seeking shareholder approval (via Special Resolution) for the re-appointment of Mr. N. Jayakumar (DIN: 00046048) as Managing Director and Group CEO for another 5-year term, from February 11, 2026 to February 10, 2031. His proposed remuneration includes a basic salary of ₹19.09 lakhs per month (up to a maximum of ₹30 lakhs per month), house rent allowance up to 80% of basic, and a performance bonus of up to ₹800 lakhs per year; he was paid ₹856.23 lakhs in FY25, ₹475.21 lakhs in FY24, and ₹374.69 lakhs in FY23. The company's standalone FY25 performance showed strong growth, with income from operations rising to ₹5,647 lakhs (from ₹3,365 lakhs) and profit after tax at ₹4,465 lakhs (from ₹1,925 lakhs). Consolidated FY25 PAT stood at ₹5,068 lakhs (from ₹2,921 lakhs). Remote e-Voting will run from March 18, 2026 (9:00 a.m.) to April 16, 2026 (5:00 p.m.), with results to be announced by April 18, 2026.
Shareholders get to vote on extending the tenure of the long-serving MD & Group CEO (33+ years with the company) along with his remuneration package. Approval is largely procedural and expected, but the performance-linked bonus of up to ₹8 crore per year is a notable pay component investors should review in the context of the company's improving earnings.