Corrigendum: Director pay corrected from Rs 3.6L to Rs 36L per annum

Board & Shareholder Meetings View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+4.6%1-day move

₹685.05

prior close

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AI summary

Shree Vasu Logistics issued a corrigendum to its Postal Ballot Notice correcting a typographical error in the remuneration of Non-Executive Director Mr. Nitish Agrawal. The correct amount is Rs 36 lakh per annum (not Rs 3.6 lakh) for 3 years from April 1, 2026, being sought as a Special Resolution. All other items remain unchanged. Shareholders who already voted can modify their vote by emailing the scrutinizer at info@mehta-mehta.com by 5 PM on July 19, 2026.

Likely market impact

Directors pay is actually 10 times higher than originally stated. Shareholders may want to review and consider changing their vote before July 19.