Notice of Postal Ballot dated 07th May,2026.
PRUDENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prudent Corporate Advisory Services is seeking shareholder approval via postal ballot for two resolutions. First, the re-appointment of Mr. Chirag Ashwinkumar Shah as a Non-Executive, Non-Independent Director effective July 22, 2026. Second, approval to pay him commission up to Rs. 2.5 crore for FY 2026-27, which represents a significant increase from the Rs. 75 lakh commission he received for part of FY 2025-26. Mr. Shah, a Chartered Accountant with over 20 years of experience, has been on the board since 2004. He also serves as a director at the company's wholly-owned subsidiary, Gennext Insurance Brokers Private Limited. The commission requires a special resolution as it exceeds 50% of total remuneration payable to all Non-Executive Directors. The e-voting period runs from May 13, 2026 to June 11, 2026.
Shareholders should note the substantial jump in commission (from Rs. 75 lakh for part-year to Rs. 2.5 crore for full year) for an existing director. While this is within regulatory limits, the significant increase warrants attention. The resolutions appear routine for an experienced director and are unlikely to materially impact the stock.