Indef Manufacturing Limited seeks shareholder approval via postal ballot for revising Managing Director Amit Bhalla's fixed remuneration from ₹1.34 crore to ₹1.45 crore annually effective April 2025.
The resolution includes ratification of ₹70 lakh performance-linked incentive paid for FY24-25 and approval for up to ₹75 lakh incentive for FY25-26 payable in FY26-27.
The company proposes an overall remuneration ceiling not exceeding ₹4 crore per annum for the MD, including salary, perquisites, and performance-linked components.
E-voting commences April 16, 2026 and concludes May 15, 2026, with MUFG providing e-voting services and S.N. Ananthasubramanian & Co. appointed as scrutinizer.