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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sanrhea Technical Textiles has sent out a Postal Ballot Notice to its shareholders seeking approval for two special resolutions. The first is a revision in the salary of Shri Tushar Patel, the Managing Director and promoter (holding 31.20% of shares), raising his salary to up to ₹21 lakh per month plus 1% commission on net profits, effective December 1, 2025. His current total remuneration for FY24-25 was ₹168.63 lakhs, so this represents a substantial hike. The second resolution is his reappointment as Managing Director for another three years starting August 1, 2026, on similar revised terms. Voting is open from November 20 to December 19, 2025 via NSDL's e-voting platform.
Shareholders will vote on a significant pay hike for the promoter-MD and his continuation at the helm for three more years. Approval could lead to higher fixed costs and reduced distributable profits, while rejection could create leadership uncertainty. The outcome may be closely watched given the promoter's 31.20% stake typically tilts voting in favour of management resolutions.