VST Industries Limited has informed the Exchange regarding Notice of Postal Ballot
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Awaiting price reaction for this filing.
VST Industries has sent a Postal Ballot Notice to shareholders seeking approval for the appointment of Mr. Piyush Srivastava (DIN: 10775803) as Managing Director & CEO for a 5-year term from 2nd March 2026 to 1st March 2031. He was initially appointed as Additional Director by the Board on 29th January 2026, effective 2nd March 2026, and now needs shareholder regularisation. Mr. Srivastava is currently Chief Commercial Officer of Pernod Ricard India and previously served as MD of Pernod Ricard Hong Kong & Macau, with over 25 years of experience across FMCG and alco-beverage sectors at PepsiCo, Marico, ITC, and Tata Motors. His proposed compensation includes a basic salary of Rs. 13.75 lakh per month (with up to 15% annual hikes), other allowances up to 55% of basic, performance bonus up to 150% of basic, and perquisites capped at Rs. 10 lakh per annum. E-voting runs from 5th March to 3rd April 2026, with results to be declared by 5th April 2026.
This is a routine leadership transition bringing in an experienced external FMCG/alcohol-beverage executive to head the company, which is generally seen positively. Shareholders just need to vote on the resolution; no negative governance signals are visible in this filing.