Announced Sat, 3 Oct, 2026 · 13:54 IST
Shareholders approve WTD remuneration of Rs 18 lakh despite inadequate profits
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
At the 32nd AGM on 30 Sep 2026, shareholders approved and ratified Rs 18,00,000 remuneration for Whole-time Director Mr. Kamal Manchanda for FY 2025-26 and approved the same for FY 2026-27 and his balance tenure. The approval is under Schedule V of the Companies Act because the company has inadequate profits or is loss-making, and the pay exceeds the limits under Section 197.
Likely market impact
Company has inadequate profits or losses, needing special shareholder approval to pay its director above statutory caps, which is a governance red flag for investors.