Please find the attached intimation for Postal Ballot Notice
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Retaggio Industries Limited has issued a postal ballot notice seeking shareholder approval for revising the remuneration of Managing Director Mr. Savinay Lodha from Rs. 24 Lakhs to Rs. 60 Lakhs per annum, effective 1 April 2026. This represents a 150% increase in base salary. The MD will also receive perquisites including health insurance, official car usage reimbursement, travel expenses, and club memberships. The company, operating in the gems and jewellery sector, stated the revision is based on his leadership in successfully completing the IPO and improving operations. Financial data shows turnover of Rs. 2,349.21 Lakhs in FY2024-25 with net profit after tax of Rs. 243.28 Lakhs. Voting period runs from 5 May 2026 to 3 June 2026, with results to be announced by 5 June 2026.
The significant increase in MD remuneration reflects company confidence in leadership but may attract shareholder scrutiny. As a promoter holding 41,59,910 equity shares, this resolution highlights management compensation practices in a newly listed company. Shareholders should evaluate whether the 150% salary increase aligns with company performance and growth prospects.