Please find enclosed herewith Notice of Postal Ballot.
VTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vardhman Textiles Limited is seeking shareholder approval via postal ballot for two senior leadership appointments effective 1st April 2026 for a term of 5 years each. Item 1 proposes Mrs. Suchita Jain as Vice-Chairperson and Managing Director (currently Joint Managing Director), and Item 2 proposes Mr. Neeraj Jain as Managing Director (currently Joint Managing Director). Both appointments are ordinary resolutions. Remuneration for each includes a basic salary of Rs 13–18 lakh per month, perquisites capped at annual basic salary, and performance-linked incentives up to double the annual basic salary. Mrs. Suchita Jain holds an M.Com from Panjab University and attended programmes at London Business School and INSEAD; Mr. Neeraj Jain is a Chartered Accountant and Harvard alumnus. Both appointees confirmed eligibility under Section 196(3) of the Companies Act, 2013. The e-voting window opens 27th May 2026 and closes 25th June 2026; results will be declared by 27th June 2026.
Shareholders should approve these resolutions as both leaders bring extensive experience and continuity to the company's leadership. The proposed remuneration is in line with industry standards. Since both are existing executives being elevated, there is no major disruption risk.