VLS Finance Limited has informed the Exchange about Shareholders meeting
VLSFINANCE · price
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VLS Finance Limited has sent a postal ballot notice to shareholders seeking approval to revise the remuneration of its Executive Director, Shri Keshav Tandan. The revision is being made to comply with the new Labour Codes notified on 21 November 2025, which require that basic salary form at least 50% of total emoluments. Under the proposed structure, the basic salary rises from Rs. 2.64 lakh per month to Rs. 3.14 lakh per month, and HRA/Leased Accommodation increases from Rs. 1.32 lakh per month to Rs. 2.70 lakh per month, while Professional Allowance and Medical Allowance are no longer separately listed. The revision is effective retrospectively from 21 November 2025. E-voting begins on 11 March 2026 and ends on 9 April 2026, with results to be declared on or before 13 April 2026.
The revision is largely a restructuring to comply with new labour law rules rather than a substantial pay hike, with the total monthly package remaining broadly similar in composition. Shareholders should vote based on their view on executive compensation governance; the proposal is unlikely to materially affect the company's financials or stock price.