Postal Ballot: Re-appointment of MD Sohan Lal Agarwal for 3 years

Board & Shareholder Meetings View source PDF

WEBELSOLAR · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹102.05

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AI summary

Websol Energy System has issued a Postal Ballot Notice seeking shareholder approval for re-appointing Mr. Sohan Lal Agarwal as Managing Director for 3 years, from April 1, 2026 to March 31, 2029. Proposed pay includes a Rs. 4 crore annual salary plus a 2 percent net profit commission capped at Rs. 5 crore per year. He earned Rs. 7.51 crore in FY25-26. Remote e-voting runs from June 25 to July 24, 2026. Cut-off date is June 12, 2026.

Likely market impact

Routine governance step. Approval of MD reappointment is widely expected and supports leadership continuity; outcome sets the executive pay ceiling for the next 3 years.