Key Resolution Details
The company seeks shareholder approval through postal ballot (remote e-voting only) for the following special resolution:
- Increase in remuneration of Sh. Arun Mitter (DIN: 00022941), Whole Time Director designated as Executive Director by 12.5% effective from August 1, 2026
- Current annual remuneration: ₹30,00,000
- Proposed annual remuneration: ₹33,75,000
- Net increase: 12.5%
Voting Process Details
- Voting method: Remote e-voting only (no physical ballot forms)
- Cut-off date for eligibility: October 23, 2026
- Voting period: November 2, 2026 (9:00 AM) to December 1, 2026 (5:00 PM)
- Service provider: Central Depository Services Ltd (CDSL)
- Scrutinizer: Ms. Anjali Yadav (FCS No. 6628 & CP No. 7257), Practising Company Secretary
- Results declaration: Within two working days after voting ends at Registered Office
Director Particulars
- Name: Arun Mitter
- DIN: 00022941
- Designation: Whole Time Director designated as Executive Director
- Date of Birth: November 27, 1962 (Age: 64 years)
- Nationality: Indian
- First appointment: July 11, 2002
- Current tenure: August 13, 2025 to August 12, 2028
- Qualification: B.Com, Chartered Accountant
- Shareholding: 31,464 equity shares of face value ₹5 each
- Relationship: Belongs to Promoter/Promoter Group of the company
Approval Process
- Nomination and Remuneration Committee recommendation: October 9, 2026
- Board of Directors approval: October 19, 2026
- Shareholder approval required: Special resolution through postal ballot
Additional Information
- The company has engaged Alankit Assignments Limited as Registrar and Share Transfer Agent
- Notice is being sent electronically to shareholders with registered email addresses
- Advertisements will be published for shareholders without registered email addresses
- In case of absence or inadequacy of profits, the remuneration will be payable as minimum remuneration under Schedule V of Companies Act, 2013