Ravindra Energy Limited has informed the Exchange regarding Outcome of Board Meeting held on September 27, 2025.
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The Board of Directors of Ravindra Energy Limited, at its meeting held on September 27, 2025, approved an upward revision in the remuneration of Dr. Vidya Murkumbi, Whole-time Director of the company. Earlier the same day, shareholders at the 45th Annual General Meeting passed a special resolution raising her total remuneration ceiling from Rs. 1.01 crore per annum to Rs. 3 crore per annum — nearly a threefold increase. In addition to her existing salary of Rs. 1.01 crore, she will now also be provided a rent-free accommodation as a perquisite, with the combined salary and perquisite kept within the new Rs. 3 crore cap. The revision was recommended by the Nomination and Remuneration Committee. The board meeting lasted only about 15 minutes, from 8:05 PM to 8:20 PM.
This is a substantial jump in executive pay for the Whole-time Director, which may raise eyebrows among cost-conscious shareholders even though it was approved by shareholders via a special resolution. The near-tripling of the remuneration ceiling is a negative governance signal and could weigh on the stock as a minor overhang, though it has no direct impact on near-term business operations.