Key Resolution Details
The Company sought shareholder approval through postal ballot for a special resolution regarding "Revision in Remuneration of Mr. Savinay Lodha (DIN: 02634124) Managing Director of the Company with effect from 01st April, 2026."
Voting Process and Timeline
- Notice of Postal Ballot dated: 15th April, 2026
- Dispatch date to shareholders: 04th May, 2026 (via email to registered addresses)
- Cut-off date for eligibility: Friday, 24th April, 2026
- Public advertisement published: 06th May, 2026 in Business Standard (English - All Edition) and Prathakal (Marathi - Mumbai Edition) Newspaper
- Remote e-voting service provider: National Securities Depository Limited (NSDL)
- Registrar and Transfer Agent: Bigshare Services Private Limited
- Results declared and resolution deemed passed: Wednesday, 03rd June, 2026
Regulatory Framework
The postal ballot was conducted pursuant to:
- Sections 108 and 110 of the Companies Act, 2013
- Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
- MCA General Circular No. 03/2025 dated 22nd September, 2025
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standard – 2 on General Meetings
Outcome
The special resolution regarding revision of remuneration for Mr. Savinay Lodha was deemed passed on June 3, 2026, being the last date of remote e-voting.
Financial Impact
Financial impact not quantified in the disclosure. The resolution approves remuneration revision effective from April 1, 2026, but specific monetary amounts or percentage changes are not provided.
#Tags: #RetaggioIndustries #SEBIDisclosure #Regulation30 #PostalBallot #ManagementRemuneration #Neutral