Appointment of Chairman
The Board of Directors at its meeting held on 13th August 2026 approved the appointment of Mr. Baby John Shaji (DIN: 03498692) as Chairman of the Company, effective from 13th August 2026. Mr. Shaji has been associated with the Company as Managing Director and will continue to oversee the overall management and affairs of the Company in his capacity as Chairman & Managing Director. The appointment is subject to approval by the Members of the Company.
Revision in Remuneration
The Board also approved a revision in the remuneration payable to Mr. Baby John Shaji as Chairman & Managing Director, effective from 1st August 2026. The revised remuneration is set at ₹4,00,000 per month, along with such other benefits, perquisites and allowances as approved by the Board and Members of the Company. The terms include a 7.5% annual increment effective from 1st April 2027.
Additional Director Details
Mr. Baby John Shaji holds 14,41,402 shares in the company. He has experience in business management, aquaculture, seafood and related business operations, and has been involved in the strategic and operational management of the Company. He is not debarred from holding office by virtue of any SEBI order or other authority.