Key Resolutions

Resolution 1: Re-appointment of Mr. M.C. Tahilyani as Managing Director

  • Purpose: Re-appointment as Managing Director and Key Managerial Personnel for 3 years from April 1, 2027 to March 31, 2030
  • Remuneration Structure:
  • Basic Salary: ₹10,00,000 to ₹15,00,000 per month
  • Perquisites and Allowances: Up to 350% of Basic Salary per month (interchangeable)
  • Annual Performance Incentive: Up to 36 months' Basic Salary
  • Additional benefits: Provident Fund, Superannuation Fund, company car with driver, Gratuity, Medical Insurance, Telephone/Mobile Allowance, Leave encashment
  • Current Remuneration: ₹508 lakhs (FY2025-26)
  • Notice Period: 6 months on either side
  • Shareholding: Holds 7,531 equity shares (0.02% of paid-up capital)
  • Qualifications: B.Com, ACA, ACS, CIMA (UK), DISA (ICAI)
  • Experience: 40+ years in finance, strategy, and general management

Resolution 2: Payment of Commission to Non-Executive Directors

  • Commission Structure: Up to 1% per annum of net profits of the Company
  • FY2025-26 Proposal: ₹25 lakh to each of the 5 Non-Executive Directors (₹1.25 crore aggregate)
  • Inadequate Profits Scenario: Maximum ₹1.25 crore in aggregate as per Schedule V limits
  • Non-Executive Directors:

1. Mr. Marzin R. Shroff (DIN: 00642613) - FY2025-26 remuneration: ₹28 lakh

2. Mr. D. Sivanandhan (DIN: 03607203) - FY2025-26 remuneration: ₹30.50 lakh

3. Mr. Jai L Mavani (DIN: 05260191) - FY2025-26 remuneration: ₹27 lakh, holds 9,128 shares

4. Ms. Rani A. Jadhav (DIN: 07070938) - FY2025-26 remuneration: ₹28 lakh

5. Mr. Nikhil Bhatia (DIN: 00414281) - FY2025-26 remuneration: ₹30 lakh

Financial Performance Context

  • Revenue from operations and other income:
  • FY2025-26: ₹25,473.95 lakh
  • FY2024-25: ₹23,703.51 lakh
  • FY2023-24: ₹22,955.60 lakh
  • Profit after tax (continuing operations):
  • FY2025-26: ₹2,877.30 lakh
  • FY2024-25: ₹2,874.57 lakh
  • FY2023-24: ₹2,971.11 lakh

Voting Details

  • Cut-off Date: August 28, 2026
  • Voting Period: September 4, 2026 (9:00 AM IST) to October 3, 2026 (5:00 PM IST)
  • Voting Method: Remote e-voting through NSDL only
  • Scrutinizer: Mr. Harshvardhan Tarkas, Practising Company Secretary (Certificate No. 24169)
  • Result Declaration: Within statutory period after October 3, 2026

Document Availability

  • Available on company website: www.forbesprecision.co.in
  • Available on BSE website: www.bseindia.com
  • Available on NSDL website: www.evoting.nsdl.com

Additional Information

  • Company Industry: Manufacturing of carbide and high-speed steel round cutting tools under brand 'TOTEM'
  • Foreign Investment: No direct foreign investment except FII through secondary market
  • No foreign collaborations
  • Company emerged from demerger of Precision Tool Business of Forbes & Company Limited