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Awaiting price reaction for this filing.
Saven Technologies has issued a Postal Ballot Notice seeking shareholder approval for paying remuneration of Rs. 6 lakhs per annum to Mr. Rajagopal Ravi (DIN: 06755889), the Non-Executive, Non-Independent Director and Chairman, effective from 1st April 2026 to 31st March 2027, in addition to sitting fees. A Special Resolution is required because this remuneration exceeds 50% of the total annual remuneration payable to all non-executive directors. The e-voting window runs from 21st February 2026 to 22nd March 2026, with results expected by 24th March 2026. The company's 9M FY26 financials show revenue of Rs. 1,491.58 lakhs and PAT of Rs. 265.49 lakhs, broadly stable versus FY25. Mr. Ravi has been on the board since 2014, first as an Independent Director and currently as Chairman since April 2025.
This is a routine governance item seeking shareholder approval for director remuneration and is unlikely to have a material impact on the stock price. Shareholders should review the resolution and cast their vote during the e-voting period if they wish to support or oppose the proposed pay.