Regulation And Legal
Linc Limited Postal Ballot Notice for Director Reappointment and Salary Hikes
Governance Issue
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
7th Sep 2026
Key Resolutions for Shareholder Approval
Item No. 1: Re-appointment of Independent Director
- Special Resolution for re-appointment of Sanjay Jhunjhunwalla (DIN: 00233225) as Non-Executive, Independent Director
- Proposed term: 5 consecutive years effective from 12th November, 2026
- Remuneration to be determined by Board within Companies Act limits
- Currently serves as Independent Director since 12th November, 2021
Item No. 2: Salary Increase for Senior Manager
- Ordinary Resolution for salary increase of Shri Aakash Aloke Jalan, Senior Manager- Corporate & MISMAT
- Revised annual remuneration not exceeding ₹40,00,000/- (Rupees Forty lakh)
- Effective from 1st November, 2026
- Relative of Whole Time Director of the Company
Item No. 3: Salary Increase for Senior Manager
- Ordinary Resolution for salary increase of Shri Utkarsh Aloke Jalan, Senior Manager- Corporate & MISMAT
- Revised annual remuneration not exceeding ₹40,00,000/- (Rupees Forty lakh)
- Effective from 1st November, 2026
- Relative of Whole Time Director of the Company
Voting Details
- E-voting service provider: National Securities Depository Limited (NSDL)
- Voting commencement: Tuesday, 8th September, 2026 (9:00 A.M. IST)
- Voting end: Wednesday, 7th October, 2026 (5:00 P.M. IST)
- Cut-off date for shareholder eligibility: Friday, 28th August, 2026
- Results declaration: On or before Friday, 9th October, 2026
Scrutinizer Appointment
- Shri Dhruba Charan Sahoo, Practicing Company Secretary, appointed as Scrutinizer
- Responsible for conducting postal ballot through e-voting process
Director Particulars - Sanjay Jhunjhunwalla
- Age: 63 years, Nationality: Indian
- Education: Commerce graduate from Calcutta University
- Experience: 39+ years in diverse fields
- Current Position: Whole Time Director of Turtle Limited
- Current Directorships: Linc Limited (Independent Director), Turtle Limited (Whole Time Director), Lemon Constructions Pvt. Ltd. (Director), The Bengal Rowing Club (Director)
- Committee Memberships: Chairperson of Audit Committee, Member of Stakeholders Relationship Committee at Linc Limited
- Shareholding: Holds no shares in Linc Limited
- Meeting Attendance: Attended 5 board meetings during FY 2025-26, 2 meetings during FY 2026-27 till notice date
- Remuneration: Paid ₹6 lakhs as commission for FY 2025-26 plus sitting fees
- Independence Declaration: Furnished declaration under Section 149(7) of Companies Act, 2013
Related Party Disclosure for Salary Increases
- Related Parties: Shri Aakash Aloke Jalan and Utkarsh Aloke Jalan
- Relationship: Sons of Shri Aloke Jalan, Whole Time Director of the Company
- Nature of Arrangement: Office or place of profit with effect from 1st November, 2026
- Monetary Value: Annual remuneration not exceeding ₹40,00,000/- each
- Additional Benefits: Other benefits, perquisites, allowances, amenities and facilities as applicable to other employees in similar positions
Document Availability
- Postal Ballot Notice available on company website: www.linclimited.com
- Also available on stock exchange websites and NSDL website