Worth Peripherals Limited has informed the Exchange regarding Notice of Postal Ballot dated 11.03.2026

Board & Shareholder Meetings View source PDF

WORTHPERI · price

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₹130.01

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AI summary

Worth Peripherals Limited has issued a postal ballot notice (dated 11 March 2026) seeking shareholder approval through remote e-voting. The first resolution proposes re-appointing Smt. Amarveer Kaur Chadha (DIN: 00405962) as Whole-Time Director for three years, from 1 June 2026 to 31 May 2029, with a proposed salary of Rs. 4,00,000 per month plus perquisites. She is a promoter holding 23.74% (37,40,000 shares) of the company. The second resolution seeks a special resolution to allow payment of fees or compensation exceeding SEBI LODR Regulation 17(6)(e) limits to Executive Directors who are Promoters, which currently includes three promoter Executive Directors. The e-voting window runs from 18 March 2026 (9:00 AM) to 16 April 2026 (5:00 PM), with the cut-off date set as 13 March 2026.

Likely market impact

Minority shareholders should review these resolutions carefully. The re-appointment of a promoter Whole-Time Director is routine, but the second resolution is an enabling approval that allows the company to pay higher remuneration to promoter Executive Directors if it exceeds 2.5% of net profits or Rs. 5 crore annually, which could affect future payouts to the promoter group.