Xpro India Limited has informed the Exchange regarding Notice of Postal Ballot
XPROINDIA · price
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Xpro India Limited is seeking shareholder approval via postal ballot for the re-appointment of Sri Sidharth Kumar Birla as Chairman in whole-time employment for 3 years (March 1, 2026 to February 28, 2029). Birla, who has been with the company since 1998 and as Chairman since 2000, will receive remuneration capped at 5% of net profits or INR 3 Crores per annum, whichever is higher. In case of inadequate profits, monthly remuneration is capped at INR 25 lakhs. He currently holds 0.65% equity shares and is part of the promoter group holding 40.31% total. The company has been profitable, reporting net profit of Rs. 43.81 Cr on revenue of Rs. 535.28 Cr in FY 2024-25. Voting period runs from April 3 to May 2, 2026.
This is a routine governance matter confirming leadership continuity. The re-appointment ensures continuity of strategic direction under an experienced chairman. The special resolution requires approval from 75% of shareholders voting.