Key Resolutions

Item No. 1: Reappointment of Mrs. Priya Bhansali (DIN: 00195848)

  • Proposed as Special Resolution for reappointment as Independent Director
  • Term: 5 years from August 07, 2026 to August 06, 2031
  • Current term concludes on August 06, 2026
  • Recommended by Nomination and Remuneration Committee and Board on May 23, 2026
  • Age: 60 years
  • Qualifications: Bachelor in Commerce (Madras University, 1986), Chartered Accountant (ICAI, 1988), Information Systems Auditor (ICAI, 2001), GST Certification (ICAI, 2017)
  • Expertise: Direct Taxes, Audit, Joint Ventures, FDI, International Taxation
  • FY 2025-26 remuneration: ₹6,60,000 (sitting fees only)
  • Holds no equity shares in the company
  • Serves as Audit Committee Chairperson and Stakeholders Relationship Committee Member
  • Other directorships: The Lakshmi Mills Ltd (Independent Director), Ishita Advisory Services Private Limited (Director), Kumbhat and Co LLP (Managing Partner), Bhansali Securities Private Limited (Director)

Item No. 2: Reappointment of Mr. Sharat Chandra Bhargava (DIN: 00008146)

  • Proposed as Special Resolution for reappointment as Independent Director
  • Term: 5 years from August 07, 2026 to August 06, 2031
  • Current term concludes on August 06, 2026
  • Recommended by Nomination and Remuneration Committee and Board on May 23, 2026
  • Age: 76 years (requires special resolution under SEBI Regulation 17(1A))
  • Qualifications: B Tech from IIT Kharagpur (gold medallist), Advanced Management Program from Wharton School, USA
  • Expertise: Technology and market dynamics of electrical products, specifically Smart Meters
  • FY 2025-26 remuneration: ₹1,80,000 (sitting fees only)
  • Holds no equity shares in the company
  • Serves as Nomination and Remuneration Committee Member
  • No other directorships in listed companies

Voting Details

  • Cut-off date for voting eligibility: June 12, 2026
  • Remote e-voting period: June 19, 2026 (9:00 AM IST) to July 18, 2026 (5:00 PM IST)
  • Service provider: National Securities Depository Limited (NSDL)
  • Results declaration: By July 20, 2026 (5:00 PM IST)
  • Voting rights proportional to shareholding as on cut-off date
  • Physical copies not sent - electronic mode only per MCA Circulars

Scrutinizer Appointment

  • Mr. G Vasudevan (CP No. 6522), Partner, M/s G.V. and Associates, Practicing Company Secretaries, Coimbatore

Remuneration Structure

  • Both directors entitled to sitting fees for Board and Committee meetings
  • Potential profit-related commission subject to shareholder approval
  • Expense reimbursement for meeting attendance

Document Availability

  • Available on company website: www.salzergroup.net
  • Available on stock exchange websites: BSE (www.bseindia.com) and NSE (www.nseindia.com)
  • Available on NSDL website: www.evoting.nsdl.com