RESOLUTION NO. 1: Change in designation of Mr. Adit Mittal (DIN: 10163322)
Change from Non-Executive Director to Executive Director
Tenure: May 26, 2026 to May 25, 2031 (5 years)
Remuneration details:
Salary: Up to ₹36,00,000 per annum with 25% annual increment
Perquisites: Up to 25% of annual salary (excluding PF, gratuity, leave encashment)
No sitting fees for board/committee meetings
Minimum remuneration payable in case of absence/inadequacy of profits
Approval required for remuneration continuation after May 25, 2029
Mr. Adit Mittal holds 6,90,000 shares in the company
RESOLUTION NO. 2: Re-appointment of Mrs. Nikky Gupta (DIN: 03268791) as Independent Director
Second term: August 06, 2026 to August 05, 2031 (5 years)
Not liable to retire by rotation
Currently holds no shares in the company
Qualification: Postgraduate diploma in mass communication and journalism
RESOLUTION NO. 3: Revision in remuneration of Mr. Gaurav Mittal (DIN: 01205129), Managing Director & CEO
Effective from: May 26, 2026
Salary: Up to ₹60,00,000 per annum with 20% annual increment (unchanged)
Perquisites limit increased from 10% to 25% of annual salary
Minimum remuneration payable in case of absence/inadequacy of profits
Mr. Gaurav Mittal holds 29,33,154 shares in the company
RESOLUTION NO. 4: Increase limit for loans, guarantees, and investments under section 186
Maximum limit: ₹1000 Crores
Applies to loans to any person/body corporate, guarantees, and securities acquisitions
RESOLUTION NO. 5: Approval for loans/guarantees/securities under section 185
Maximum limit: ₹1000 Crores
Applies to subsidiaries, associates, joint ventures, group entities, or persons where directors are interested
RESOLUTION NO. 6: Increase borrowing limits under section 180(1)(c)
Maximum limit: ₹1000 Crore
Applies to borrowings from banks, financial institutions, NBFCs, corporates, etc.
Director Background Information
Mr. Adit Mittal: 21 years, B.Tech in EEE from BITS Pilani, Director of MahhaGuru NavGrah Private Limited
Mrs. Nikky Gupta: 41 years, mass communication expert, holds directorships in multiple companies including Respower Sustainable Solutions, Teamwork Communication Solutions
Mr. Gaurav Mittal: 51 years, Bachelor's Degree in Electrical Engineering & Ph.D
Voting Procedure
Electronic voting through NSDL platform
Detailed instructions provided for demat and physical shareholders
Helpdesk contacts: evoting@nsdl.com (022-48867000) for NSDL account holders
Financial Impact
Director remuneration changes quantified as specified in resolutions
Borrowing and investment limits increased to ₹1000 Crore
