Postal Ballot Notice dated 12 February 2026 to consider and approve payment of commission to Non-executive, Non-Independent Director.
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Sakthi Finance Limited has issued a Postal Ballot Notice dated 12 February 2026 seeking shareholder approval for payment of commission of 1% on net profits (computed as per Section 198 of the Companies Act, 2013) to Dr S Veluswamy (DIN: 05314999), Non-Executive, Non-Independent Director, for FY 2025-26. A Special Resolution is required because the proposed commission exceeds 50% of the total annual remuneration payable to all Non-Executive Directors, as per SEBI LODR Regulation 17(6)(ca). Dr Veluswamy has been associated with the company since November 1990, has served as CFO and CEO, and last received ₹6,05,000 as sitting fees in FY 2025-26 (up to 31 December 2025). E-voting opens on 19 February 2026 at 9:00 a.m. and closes on 20 March 2026 at 5:00 p.m., with results to be declared on or before 24 March 2026.
This is a routine governance matter seeking shareholder approval for director compensation. The 1% net profit commission represents a variable cost tied to company profitability and is subject to Section 198 limits. Approval is procedural and unlikely to materially affect shareholders, though the quantum paid will reduce distributable profits for FY 2025-26.