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Saven Technologies has issued a Postal Ballot Notice seeking shareholder approval via e-voting for paying Rs. 6,00,000 per annum remuneration to Mr. Rajagopal Ravi (DIN: 06755889), Non-Executive, Non-Independent Director & Chairman, for the period 1st April 2026 to 31st March 2027, in addition to sitting fees. The special resolution is needed because his pay exceeds 50% of total remuneration to all non-executive directors, which triggers Regulation 17(6)(ca) of SEBI LODR. E-voting runs from 21st February 2026 to 22nd March 2026, with results expected by 24th March 2026. Mr. Ravi, a Chartered Accountant and Company Secretary, has been on the board since 2014 and was appointed Chairman from 1st April 2025 via a previous postal ballot. The company reported revenue of Rs. 1,491.58 lakhs (9M FY26) and PAT of Rs. 265.49 lakhs versus Rs. 1,494.67 lakhs and Rs. 259.20 lakhs for full FY25.
Routine governance matter seeking shareholder nod for director remuneration; unlikely to materially affect share price but reflects compliance with SEBI norms requiring member approval when a single non-executive director's pay crosses the 50% threshold.