Britannia seeks member approval for N. Venkataraman's re-appointment as ED & CFO for 4 years
Britannia Industries is seeking member approval for the re-appointment of Mr. N. Venkataraman as Executive Director and CFO for a 4-year term starting July 30, 2026. Remote e-voting is open from July 1 to July 30, 2026. His remuneration includes a basic salary of ₹62.30 lakh per annum plus performance-linked incentives.
The re-appointment of a key management personnel is a standard corporate governance procedure and is unlikely to have a significant immediate impact on the company's stock price or operations.
The announcement is a routine corporate action regarding the re-appointment of a director and does not inherently contain positive or negative financial news.
Britannia Industries Limited has initiated a postal ballot process seeking member approval for the re-appointment of Mr. N. Venkataraman as Whole-Time Director, designated as Executive Director and Chief Financial Officer. The re-appointment is proposed for a term of four years, effective from July 30, 2026, up to July 29, 2030. Mr. Venkataraman, who brings approximately four decades of experience, currently serves as Executive Director and CFO and was last re-appointed by shareholders at the 102nd Annual General Meeting on September 6, 2021, for a five-year term.
The company has engaged NSDL for remote e-voting, which commenced on Wednesday, July 1, 2026, at 9:00 AM IST and will conclude on Thursday, July 30, 2026, at 5:00 PM IST. The voting results are expected to be announced on or before Monday, August 3, 2026, by 5:00 PM IST.
The terms of re-appointment include a basic salary of ₹62,30,357 per annum, with annual increments decided by the Board based on merit and company performance. Other perquisites, benefits, and allowances will be determined by the Board. Performance-linked incentives, including phantom options, are also part of the remuneration structure. The proposed remuneration is within the limits prescribed by the Companies Act, 2013, and SEBI Listing Regulations. Mr. Venkataraman will be eligible for re-appointment in accordance with applicable laws. The detailed service agreement is available for inspection by members.
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Britannia Industries Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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