Senco Gold Limited has informed the Exchange regarding Notice of Postal Ballot and calendar of events.
SENCO · price
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Senco Gold Limited has issued a postal ballot notice seeking shareholder approval for two key director re-appointments, both for a 5-year term from 12 August 2025 to 11 August 2030. The first is a Special Resolution to re-appoint Smt. Ranjana Sen as Whole-Time Director designated as Chairperson at a gross annual remuneration of Rs. 97.59 lakh, with a 10% annual increment plus performance-linked bonus; she will cross 70 years of age during the term, which is why a special resolution is needed. The second is an Ordinary Resolution to re-appoint Smt. Joita Sen as Whole-Time Director at a gross annual remuneration of Rs. 84.49 lakh with the same 10% annual increment and performance-linked bonus structure. E-voting runs from 16 June 2025 (9:00 AM) to 15 July 2025 (5:00 PM), with results expected on or before 17 July 2025. Both directors are from the promoter Sen family (alongside MD & CEO Suvankar Sen), indicating continuity of family-led leadership at the jewellery retailer.
This is largely a routine governance exercise confirming continuity of the promoter Sen family at the top of the company for another five years, which provides leadership stability for the jewellery business. Investors should note the combined managerial remuneration of roughly Rs. 1.82 crore per year (excluding bonuses, increments, and perquisites), and the special resolution for Ranjana Sen signals that one of the founder-promoters will continue in a key role past the standard retirement age.