Vaswani Industries Limited has informed the Exchange regarding Notice of Postal Ballot
VASWANI · price
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Vaswani Industries is seeking shareholder approval via postal ballot (e-voting from Jan 10 to Feb 8, 2026) for 8 resolutions. Key items: (1) Re-appointment of Mr. Yashwant Vaswani as Whole-time Director for 5 years (Dec 10, 2025 to Dec 9, 2030), and (2) revision of his remuneration to around ₹1.86 crore per annum (₹1.80 Cr salary + ₹6.36 Lakh perquisites), effective retrospectively from April 1, 2025, to be paid as minimum remuneration since the company has 'inadequate profits.' The remaining 6 resolutions seek shareholder approval for related party transactions involving monthly remuneration payable to six other Vaswani family members: Mr. Ravi Vaswani (President – Marketing/Finance, ₹15 Lakh/month), Mr. Kushal Vaswani (CFO, ₹15 Lakh/month), Mrs. Sudha Vaswani (GM-HR, ₹5.5 Lakh/month), Mrs. Manisha Vaswani (HRD Head, ₹4.5 Lakh/month), Mrs. Tanya Vaswani (Marketing Manager, ₹4.5 Lakh/month), and Mrs. Jyotsna Vaswani (Procurement Manager, ₹4.5 Lakh/month), all effective retrospectively from April 1, 2025 with arrears payable within 12 months of approval.
This is effectively a promoter-family formalisation exercise — at least 7 members of the Vaswani family are being positioned or retained in key managerial and operational roles, with combined annual payouts likely running into several crores. Minority shareholders should weigh the governance implications of such concentrated family remuneration, especially given the company's admission of inadequate profits and the retrospective nature of the payouts.