Announced Fri, 20 Mar · 11:40 IST

Fixing the remuneration of Mr. Raj Kotia as the Chairman and Managing Director of the Company for remaining Period of 2 years subject to members approval in the ensuing Annual General Meeting.

Management Changes View source PDF

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AI summary

The Board of Directors of Sungold Media and Entertainment Ltd, at its meeting held on March 20, 2026, approved the remuneration of Mr. Raj Kotia (DIN: 06360347) as Chairman & Managing Director for the remaining period of 2 years, from March 23, 2026 to March 22, 2028. The decision was taken on the recommendation of the Nomination and Remuneration Committee. The remuneration fixation is subject to approval from shareholders at the upcoming Annual General Meeting. The Board meeting lasted 30 minutes, from 11:00 A.M. to 11:30 A.M. The company has a BSE scrip code of 541799.

Likely market impact

This is a routine governance action confirming pay terms for the existing Chairman & Managing Director, with no change in leadership. Shareholders will get a final say on the remuneration package at the AGM, so investors should watch for the AGM outcome for any dissent or voting patterns.