SIS LIMITED has informed the Exchange regarding Notice of Annual General Meeting to be held on July 06, 2026
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SIS Limited has issued the notice for its 42nd Annual General Meeting scheduled for Monday, July 6, 2026, at 12:00 noon (IST) to be held via video conferencing. Ordinary business includes adoption of FY2025-26 audited financial statements and the re-appointment of two directors retiring by rotation. Under special business, the company seeks shareholder approval to appoint Mrs. Rita Kishore Sinha as Executive Chairperson for 5 years (from May 1, 2026) at a remuneration of ₹3.5 crore per annum. The MD Rituraj Kishore Sinha's remuneration is proposed to be revised from ₹2.4 crore to ₹2.56 crore per annum, and Whole-Time Director Arvind Kumar Prasad's pay from ₹1 crore to ₹1.08 crore per annum, both effective June 1, 2026. The company is also seeking approval for up to ₹1.6 crore in aggregate remuneration to Independent Directors for FY2025-26. Notably, SIS has reported inadequate profits for FY2025-26, which is why all these managerial remuneration proposals require approval via Special Resolution under Schedule V of the Companies Act.
Retail shareholders should review these resolutions carefully given the proposed executive pay increases in a year of inadequate profits. The remote e-voting window runs from July 3 to July 5, 2026, with a cut-off date of June 29, 2026 for determining voting eligibility.