Exicom Tele-Systems to seek shareholder approval for MD & CEO, Whole-time Director remuneration via postal ballot
Exicom Tele-Systems is conducting a postal ballot for shareholders to approve remuneration for MD & CEO Anant Nahata and Whole-time Director Vivekanand Kumar. E-voting is from March 6 to April 4, 2026. Results will be declared by April 7, 2026.
This is a standard procedural announcement regarding director remuneration approval through a postal ballot. It does not involve any new business, financial results, or strategic changes that would significantly impact the company's operations or stock price.
The announcement is a routine corporate action related to seeking shareholder approval for director remuneration, which is a standard procedural matter and does not inherently indicate a positive or negative financial outlook for the company.
Exicom Tele-Systems Limited has announced the dispatch of a Postal Ballot Notice on March 5, 2026, seeking shareholder approval for the payment of remuneration to its Managing Director & CEO, Mr. Anant Nahata, and Whole-time Director, Mr. Vivekanand Kumar. The resolutions are to be passed through remote e-voting only.
The e-voting period will commence on March 6, 2026, at 9:00 a.m. IST and conclude on April 4, 2026, at 5:00 p.m. IST. The cut-off date for determining voting eligibility was Friday, February 27, 2026.
The proposed remuneration for Mr. Nahata, for the period from April 1, 2026, to July 6, 2028, includes salary, perquisites, allowances, and a performance-linked commission of up to 2% of net profits. For Mr. Kumar, the remuneration for the period from August 21, 2026, to August 20, 2028, will comprise salary, perquisites, and allowances. Employee stock options for Mr. Kumar will be governed separately.
The results of the e-voting, along with the Scrutinizer's Report, will be declared on or before April 7, 2026, and submitted to the stock exchanges. The company has engaged National Securities Depository Limited (NSDL) for the remote e-voting facility.
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Exicom Tele-Systems 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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See the model portfoliosA plain-language summary of a public exchange filing by Exicom Tele-Systems Limited. Read the original for the full detail.