We wish to inform you that the Board of Director of the company by way of Circular today approved the Reduction in Remuneration payable to Mr. Ram Gopal Jindal
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Standard Capital Markets Ltd, via a circular resolution dated February 3, 2026, approved a downward revision in the remuneration of Managing Director Mr. Ram Gopal Jindal (DIN: 06583160). His monthly salary has been cut from Rs. 5,00,000 to Rs. 1,00,000 — an 80% reduction — effective February 1, 2026. The revision was recommended by the Nomination & Remuneration Committee and is within statutory limits under the Companies Act, 2013. No shareholder approval is required as the change stays within regulatory caps.
Mr. Jindal remains as Managing Director, so this is a pay restructuring rather than a leadership change. The sharp 80% pay cut may raise questions about the company's financial health or strategic direction, and investors should watch for further clarity from the company.