Vardhman Textiles Limited has informed the Exchange regarding Notice of Postal Ballot.
VTL · price
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Vardhman Textiles Limited is seeking shareholder approval via postal ballot for the appointment of two key executives. Mrs. Suchita Jain is being appointed as Vice-Chairperson and Managing Director for 5 years from 1st April 2026 to 31st March 2031, with monthly basic salary of Rs. 13-18 lakhs plus perquisites and performance incentives up to double the annual basic salary. Mr. Neeraj Jain is being appointed as Managing Director for the same period with identical remuneration terms. Both appointments are ordinary resolutions requiring simple majority approval through remote e-voting. Mrs. Suchita Jain currently draws Rs. 3.52 crore annually and Mr. Neeraj Jain draws Rs. 3.87 crore annually. The voting period runs from 27th May 2026 to 25th June 2026.
These are routine leadership continuity appointments at the senior management level. The remuneration packages are consistent with prior years and aligned with the size of the business. Shareholders should note the family relationship between Mrs. Suchita Jain and other board members, which is disclosed in the filing.