Kiri Industries seeks shareholder nod for e-voting on director reappointments
Kiri Industries Limited is conducting a postal ballot for shareholders to vote on the re-appointment of Mr. Manish Kiri as Chairman & MD and Mr. Girish Tandel and Mr. Yagnesh Mankad as Whole Time Directors. E-voting is open from Feb 23 to Mar 24, 2026. Mr. Kiri's remuneration is proposed at ₹3.6 crore annually, while Mr. Tandel and Mr. Mankad are proposed ₹27 lakh each.
The re-appointment of key management personnel and their remuneration is a significant corporate action that impacts governance and future operations.
The announcement is a procedural one regarding seeking shareholder approval for director re-appointments and does not contain significant positive or negative financial news.
Kiri Industries Limited has announced the commencement of a postal ballot process, seeking shareholder approval for the re-appointment of key managerial personnel. The company is facilitating remote e-voting for its shareholders, with the voting period starting on Monday, February 23, 2026, at 9:00 a.m. IST and concluding on Tuesday, March 24, 2026, at 5:00 p.m. IST.
The special business includes the re-appointment of Mr. Manish Kiri as Chairman & Managing Director for a period of three years, effective April 1, 2026. His proposed annual basic salary is ₹3,60,00,000, along with perquisites and a 1% commission on net profits. The company also seeks approval for the re-appointment of Mr. Girish Tandel and Mr. Yagnesh Mankad as Whole Time Directors for a period of three years, effective February 11, 2026. Mr. Tandel's proposed annual basic salary is ₹27,00,000, and Mr. Mankad's is also ₹27,00,000, with perquisites for both.
The announcement details the procedures for remote e-voting, including login methods for shareholders holding shares in demat and physical modes, and provides contact information for technical assistance. The results of the postal ballot are expected to be declared within two working days of the end of e-voting, upon receipt of the scrutinizer's report.
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Kiri Industries Limited filed this with the NSE as a statutory disclosure, categorised under shareholder meetings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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