Notice is hereby given that the EGM will held on 24.06.2026 at 2.00 pm.
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Satyam Silk Mills Ltd has called an Extra Ordinary General Meeting on June 24, 2026 at 2:00 PM at its registered office in Nariman Point, Mumbai. Two special resolutions are on the agenda: (1) Revision in remuneration of Whole-time Director Mr. Rohitkumar Mishra (DIN: 09515492) from Rs. 24 lakh to Rs. 36 lakh per annum (a 50% increase), effective April 1, 2026 to February 15, 2028; and (2) Appointment of Mr. Ashish Rameshwar Agarwal (DIN: 11385082) as Independent Director for a five-year term from March 28, 2026 to March 27, 2031. The e-voting window runs from June 21 (9 AM) to June 23, 2026 (5 PM), with the cut-off date set as June 16, 2026. The company, operating in real estate, reported a profit after tax of Rs. 78.63 lakh in FY25 (up from Rs. 68.73 lakh in FY24) and is expanding by purchasing and renovating flats, villas, and commercial spaces.
Both items are routine corporate governance matters requiring shareholder approval. The 50% pay hike for the Whole-time Director signals higher fixed costs but remains modest in absolute terms. Shareholders should vote on the resolutions during the e-voting period; outcome is expected to be declared on or after June 24, 2026.