Key Resolution and Outcome
The company sought shareholder approval through a special resolution for the re-appointment of Mr. Divakar G. Kamath (DIN: 08730430) as Executive Director and CFO for a further period of 3 years, effective from 1st April, 2026 to 31st March, 2029. The resolution was duly passed by members through remote e-voting which concluded on 28th May, 2026.
Key Quantitative Figures
- Annual remuneration approved: Up to ₹42.70 lakhs per annum
- Total number of shareholders on record date (cut-off date 24th April, 2026): 2,415
- Voting results:
- Votes in favor (Assent): 20,27,212 votes (97.92%)
- Votes against (Dissent): 43,083 votes (2.08%)
- Total valid votes: 20,70,295 votes (100%)
- Number of shareholders who voted: 53
Dates of Action
- Postal Ballot Notice Date: 20th April, 2026
- Cut-off date for determining voting rights: 24th April, 2026
- Remote e-voting period: 29th April, 2026 (9:00 AM IST) to 28th May, 2026 (5:00 PM IST)
- Votes unblocked: 28th May, 2026 after 5:00 PM IST
- Scrutinizer's Report Date: 29th May, 2026
Parties Involved
- Individual Reappointed: Mr. Divakar G. Kamath (DIN: 08730430)
- Scrutinizer: Mr. Hemanshu Kapadia (Membership No. FCS 3477 and CP 2285), Proprietor of Hemanshu Kapadia & Associates, Practising Company Secretaries, Mumbai
- Company Secretary and Compliance Officer: Mr. Sudhanshu Namdeo
- E-voting Service Provider: National Securities Depository Limited (NSDL)
- Witnesses during vote unblocking: Ms. Preeti Bhangle and Ms. Diksha Gupta (not employed by the company)
Terms and Conditions
The reappointment includes liberty to the board to alter and vary the terms and conditions of the reappointment and/or remuneration as it may deem fit, not exceeding the specified limits under Schedule V of the Companies Act, 2013.
Document Accessibility
The voting results and scrutinizer's report are being uploaded on the company's website (https://www.cravatex.com/) and sent to NSDL for uploading on their website (https://evoting.nsdl.com/).