Shanti Gold International Limited has informed the Exchange regarding Notice of Postal Ballot
SHANTIGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shanti Gold International Limited has issued a Postal Ballot Notice dated March 19, 2026 seeking shareholder approval for two ordinary resolutions. The first is the re-appointment of Mr. Pankajkumar Jagawat (Promoter) as Managing Director for a 5-year term from September 1, 2026 to August 31, 2031, along with an increase in his remuneration to a maximum of ₹1,80,30,000 (approximately ₹1.80 crore) per annum, effective February 1, 2026. The second resolution seeks the re-appointment of Mr. Manojkumar Jain (Promoter) as Whole-Time Director for the same 5-year period, also with an increase in his remuneration. Both are existing promoters with 20-25 years of experience in the jewellery manufacturing and trading industry. The e-voting window runs from March 25, 2026 to April 23, 2026, and results will be announced within two working days thereafter.
This is a routine governance exercise to renew the terms of the two promoter directors and revise their pay packages. Shareholders should note the proposed ₹1.80 crore annual remuneration for the Managing Director, which represents a notable commitment of company profits toward promoter compensation, but no major governance red flags or structural changes are involved.