Key Dates

  • Cut-off date for eligibility: September 18, 2026
  • Remote e-Voting commencement: September 23, 2026 at 9:00 AM IST
  • Remote e-Voting conclusion: October 22, 2026 at 5:00 PM IST
  • Director appointment term: August 4, 2026 to August 3, 2031

Resolution Details

The company seeks shareholder approval through ordinary resolution for the appointment of Mr. Arun Kumar Shukla (DIN: 09854946) as Director in executive capacity for a period of 5 years. He was appointed as Additional Director by the Board on August 4, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Director Background

Mr. Arun Kumar Shukla holds a Bachelor of Technology degree in Mechanical Engineering from Indian Institute of Technology, Kanpur. He has been associated with the company since 2009 and is currently part of the senior management team. His expertise includes manufacturing operations, project management, operational excellence, and implementation of lean manufacturing techniques.

Remuneration Package

Fixed Components:

  • Salary: ₹2,85,000 per month (Pay scale: ₹2,85,000 to ₹3,60,000 per month)
  • Special Pay: ₹3,75,000 per month
  • Housing Accommodation/House Rent Allowance: 60% of salary
  • Utility Allowance: ₹30,000 per month
  • Furnishing Allowance: ₹15,167 per month
  • Medical Allowance: ₹8,333 per month
  • Helper: ₹10,000 per month

Variable Component:

  • Commission: 0.30% of annual profits before depreciation, donation, and taxes

Benefits:

  • Employer's Contribution to PF & Superannuation Fund: Maximum 27% of salary
  • Gratuity: As per company rules
  • Leave: Earned/privilege leave as per company rules
  • Leave Travel Concession: Once a year for self and family
  • Company Car with Driver and fuel: As per company rules
  • Mobile (including Rental): ₹3,500 per month

Restrictions:

  • Total remuneration shall not exceed 5% of net profits computed under Section 198 of Companies Act, 2013
  • Total remuneration for all Whole-time Directors together shall not exceed 10% of net profits
  • Minimum remuneration payable even in absence or inadequacy of profits

Voting Arrangements

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-Voting facility. The scrutinizer appointed is Ms. Preeti Grover (FCS 5862), Practicing Company Secretary, with M/s Shabnam Kapoor & Co. (FCS 4258) as alternate.

Document Availability

The notice is available on the company's website at https://shrirampistons.com, BSE website at www.bseindia.com, NSE website at www.nseindia.com, and NSDL website at www.evoting.nsdl.com.

Additional Director Information

Current Directorships:

1. SPR Takahata Precision India Private Limited

2. SPR TGPEL Precision Engineering Limited

3. SPR EMF Innovations Private Limited

4. Karna Intertech Private Limited

Previous Remuneration:

₹30.14 million for FY 2025-26

Shareholding:

No shares held in the company