PVR INOX Limited has informed the Exchange regarding Notice of Postal Ballot
PVRINOX · price
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PVR INOX has sent a Postal Ballot Notice to shareholders seeking approval through e-voting for the remuneration of its two top directors. The first resolution covers Mr. Ajay Kumar Bijli, Managing Director, with a proposed fixed pay of Rs. 13.09 crore per annum plus variable pay of up to 100% of fixed pay, taking total FY27 proposed compensation to a maximum of Rs. 26.19 crore. The second resolution covers Mr. Sanjeev Kumar, Executive Director, with a fixed pay of Rs. 7.06 crore per annum and similar variable pay structure, with total FY27 proposed compensation up to Rs. 14.11 crore. Both remuneration packages are for the period from 6th February 2026 to 5th February 2028, which is the remaining tenure of these directors appointed after the PVR-INOX merger. E-voting runs from 13th February 2026 to 14th March 2026, and results will be announced by 17th March 2026.
This is a routine shareholder approval process for director pay and is unlikely to materially affect the stock price. Shareholders should review the remuneration details and vote during the e-voting window, as approvals are required by special resolution under SEBI and Companies Act rules.