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Awaiting price reaction for this filing.
Retaggio Industries conducted a postal ballot through remote e-voting (facility provided by NSDL) to seek shareholder approval for revising the remuneration of Mr. Savinay Lodha (DIN: 02634124), Managing Director, effective from April 1, 2026. The postal ballot notice was dispatched via email on May 4, 2026, with the cut-off date for eligibility being April 24, 2026. A public advertisement was published on May 6, 2026, in Business Standard (English) and Prathakal (Marathi) newspapers. The voting concluded and results were declared on June 3, 2026, with the single item of special business (revision in MD remuneration) deemed passed on that date. The document itself does not disclose the percentage of votes cast in favour or against the resolution.
Shareholders have approved a pay hike for the Managing Director, which may modestly impact the company's future salary expenses but is unlikely to materially move the stock price on its own.