ITL Industries Limited

Voting Results and Approvals

The 38th Annual General Meeting (AGM) of ITL Industries Limited, held following the notice dated August 26, 2026, approved through separate resolutions the increase in remuneration for four individuals who are relatives of the company's directors.

Detailed Remuneration Changes

1. Mr. Ravish Jain

  • Designation: CEO (Research & Development)
  • Relationship: Son of Managing Director
  • Existing Remuneration: Not exceeding ₹5,00,000 per month (Rupees Five Lakhs Only)
  • Revised Remuneration: Not exceeding ₹7,00,000 per month (Rupees Seven Lakhs Only), excluding performance incentives if any
  • Effective Date: April 1, 2026
  • Justification: Increased responsibilities, role, performance and contribution towards Research & Development activities and overall business

2. Mr. Prakhar Jain

  • Designation: CEO (Business Development)
  • Relationship: Son of Joint Managing Director
  • Existing Remuneration: Not exceeding ₹5,00,000 per month (Rupees Five Lakhs Only)
  • Revised Remuneration: Not exceeding ₹7,00,000 per month (Rupees Seven Lakhs Only), excluding performance incentives if any
  • Effective Date: April 1, 2026
  • Justification: Increased responsibilities, role, performance and contribution towards Business Development activities and overall business

3. Mr. Manish Jain

  • Designation: COO (Business Operations)
  • Relationship: Son of Managing Director
  • Existing Remuneration: Not exceeding ₹5,00,000 per month (Rupees Five Lakhs Only)
  • Revised Remuneration: Not exceeding ₹7,00,000 per month (Rupees Seven Lakhs Only), excluding performance incentives if any
  • Effective Date: April 1, 2026
  • Justification: Increased responsibilities, role, performance and contribution towards business operations

4. Mr. Shekhar Jain

  • Designation: COO (Sales & Marketing)
  • Relationship: Son of Joint Managing Director
  • Existing Remuneration: Not exceeding ₹5,00,000 per month (Rupees Five Lakhs Only)
  • Revised Remuneration: Not exceeding ₹7,00,000 per month (Rupees Seven Lakhs Only), excluding performance incentives if any
  • Effective Date: April 1, 2026
  • Justification: Increased responsibilities, role, performance and contribution towards Sales & Marketing activities and overall business