Date: 4th November 2026
Board Meeting Outcomes
- The Board has decided to seek shareholder approval through Postal Ballot for revision of annual aggregate remuneration limit for Non-Executive Directors
- The proposed revision covers a period of five years from April 1, 2026 to March 31, 2031
- The new limit would be an amount not exceeding ₹15 crore per annum or 1% of the Net Profits of the Company per annum, whichever is lower
- The remuneration computation will follow the manner prescribed under Section 198 of the Companies Act, 2013
Voting Process Details
- Cut-off date for voting eligibility: Friday, 6th November 2026 (based on Register of Members/List of Beneficial Owners)
- Scrutinizer appointed: Mr. S.N. Ananthasubramanian, Practicing Company Secretary
- Electronic voting period: 18th November 2026 to 17th December 2026
- Resolution deemed passed date: 17th December 2026
- Result declaration date: On or by 19th December 2026
Tentative Calendar of Events
- Date of Board Resolution authorization: 28th October 2026
- Specified date for determining members: 6th November 2026
- Completion of dispatch of Notice by electronic means: 13th November 2026
- Newspaper Advertisement date: 16th November 2026
- Scrutinizer Report submission: On or by 19th December 2026
- Last date for Chairman to sign Minutes: 15th January 2027