Coral Laboratories Limited

Key Resolution Details

Item No. 1: Approval for increase in remuneration and other facilities to Ms. Meera Doshi

  • Resolution Type: Ordinary Resolution
  • Purpose: To approve payment of remuneration to Ms. Meera Doshi, Head of Business Strategy, who holds office or place of profit
  • Maximum remuneration: Not exceeding ₹6,50,000 (Rupees Six lakh fifty thousand) per month
  • Effective date: August 1, 2026
  • Includes: Other benefits, perquisites, allowances, amenities and facilities in accordance with company policy
  • Board authorization: Liberty to alter and vary remuneration within the maximum approved limit

Related Party Details

  • Name: Ms. Meera Doshi
  • Position: Head of Business Strategy
  • Relationship: Daughter of Mr. Chetan Doshi, Promoter of the Company
  • Experience: Over 10 years of experience, previously worked as Lead Project Manager with Global Seed in Hong Kong
  • Educational Background: Degree in Psychology and French
  • Shareholding: Not holding any shares in the Company

Approval Process

  • Previously approved by Nomination and Remuneration Committee (NRC)
  • Previously approved by Audit Committee (AC)
  • Previously approved by Board of Directors
  • Approval date: June 18, 2026

Remuneration Breakdown

  • Basic Salary
  • HRA (House Rent Allowance)
  • Leave Travel Allowance
  • Payment towards perquisites
  • Company's contribution to Provident Fund/Gratuity

Voting Arrangements

  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Voting website: https://www.evoting.nsdl.com/
  • Voting period: From 09:00 a.m. on Tuesday, June 23, 2026 to 05:00 p.m. on Wednesday, July 22, 2026
  • Cut-off date: June 19, 2026 (for determining voting eligibility)
  • Result declaration: On or before Friday, July 24, 2026
  • Scrutinizer: M/s SARK & Associates LLP, Company Secretaries

Additional Information

  • The resolution shall be deemed passed on July 22, 2026, if approved by requisite majority
  • Voting rights: One vote per equity share based on paid-up value as on June 19, 2026
  • The notice was sent electronically to all members with registered email addresses
  • Physical copies available for inspection at registered office during working hours until July 22, 2026

Financial Impact

The remuneration increase to ₹6.5 lakh per month represents a quantifiable ongoing operational expense for the company, effective August 1, 2026.