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The Board of Saven Technologies noted the results of a Postal Ballot approving remuneration for Mr. Rajagopal Ravi (Non-Executive, Non-Independent Director & Chairman), with 99.9876% of votes (46,33,118 shares from 77 members) in favour. The Board also approved a performance incentive of Rs. 20 lakh for Mr. Murty Gudipati, Managing Director & CEO, for FY 2025-26, based on the Nomination and Remuneration Committee's recommendation and within the shareholder-approved remuneration structure. Separately, the Independent Directors held their statutory meeting and reviewed the performance of non-independent directors, the Chairperson, and the quality of information flow from management. The Board meeting ran from 9:30 AM to 10:04 AM.
This is a routine governance update with no material impact on shareholders. The CEO's Rs. 20 lakh performance incentive is modest and pre-approved, and strong shareholder support (99.99%) for the Chairman's remuneration signals no governance dissent.