RSWM Limited has informed the Exchange regarding Notice of Postal Ballot
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RSWM Limited has issued a Postal Ballot Notice seeking shareholder approval through e-voting for two special resolutions. The first is the re-appointment of Shri Riju Jhunjhunwala as Managing Director for three years effective 1st May 2026, with a proposed monthly salary of ₹22.54 lakh rising to ₹29.83 lakh by May 2028, plus commission up to 4% of net profits. The second is a revision in the remuneration of Shri Rajeev Gupta, Joint Managing Director, effective 1st April 2026, with a monthly salary of ₹11.50 lakh rising to ₹13.23 lakh by April 2027, plus commission up to 1% of net profits, for his remaining tenure up to 11th February 2028. E-voting will run from 25th February 2026 (9:00 AM) to 26th March 2026 (5:00 PM), with the cut-off date for eligibility set as 20th February 2026. Voting will be conducted only through electronic means via NSDL, and results will be declared within two working days after the e-voting period ends.
Shareholders need to review and vote on the remuneration packages for the top two executives; approval of these resolutions would confirm leadership continuity for three years and lock in significantly higher pay scales, which could impact the company's future cost structure.