1st Notice of Postal Ballot for the FY 2026-27.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Syschem India has issued its 1st Postal Ballot notice for FY 2026-27, seeking shareholder approval through e-voting from June 13, 2026 to July 12, 2026 (results by July 14, 2026). Two special resolutions are on the table: (1) re-designating Mr. Ranjan Jain from Managing Director to Whole Time Director, and (2) re-designating Mr. Suninder Veer Singh from Whole Time Director to Managing Director – essentially a role swap between the two promoter-directors for 5-year tenures (June 3, 2026 to June 2, 2031). Both appointments carry a proposed remuneration ceiling of Rs. 7 lakh per month (Rs. 84 lakh per annum) for 3 years, requiring shareholder approval as a related-party transaction. The company's recent financials show net profit rising from Rs. 0.46 cr (FY25) to Rs. 10.93 cr (FY26) on revenue of Rs. 654 cr, with management projecting turnover to scale up to Rs. 1,180 cr by FY29. Notably, the actual remuneration drawn by these directors earlier was far lower (Rs. 36 lakhs and Rs. 39 lakhs respectively), so the Rs. 84 lakh ceiling represents a substantial jump in approved limits.
Routine governance item, but the sharp increase in the approved remuneration ceiling for two promoter-directors (from around Rs. 36-39 lakhs actually drawn to Rs. 84 lakhs approved) may draw scrutiny from retail shareholders, who can choose to vote against or in favour via CDSL e-voting before July 12, 2026.