Announced Thu, 25 Jun · 14:11 IST
Singer India Postal Ballot: Approval sought for MD remuneration continuation
Board & Shareholder Meetings View source PDF
SINGERIND · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹71.65
prior close
₹70.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Singer India is seeking shareholder approval via postal ballot for continuation of Mr. Rakesh Khanna's (Executive Vice Chairman and MD) existing remuneration of up to Rs 4.5 crore per annum plus perquisites for his remaining tenure from April 5, 2026 to April 4, 2028. No increase in pay is proposed. E-voting runs June 26 to July 25, 2026 (cutoff June 19). FY26 revenue grew to Rs 557.33 crore from Rs 431.67 crore in FY25, with PAT rising to Rs 12.76 crore.
Likely market impact
Procedural item: existing MD pay continues without hike. Special resolution needs shareholder approval; result by July 28, 2026.