Linc Limited shareholders approve director re-appointment and salary hikes via postal ballot
Linc Limited shareholders approved the re-appointment of Sanjay Jhunjhunwalla as Independent Director for five years. Salary hikes for senior managers Aakash Aloke Jalan and Utkarsh Aloke Jalan were also approved. The postal ballot voting concluded on October 7, 2026.
The re-appointment of an independent director and salary adjustments for key personnel are important for corporate governance and management stability, impacting the company's operational and strategic direction.
The resolutions for re-appointment of an independent director and salary increases for senior management were passed with a significant majority, indicating shareholder confidence and support for the company's decisions.
Linc Limited announced the outcome of its postal ballot process, conducted through remote e-voting, which concluded on October 7, 2026. The company sought and obtained member approval for three key resolutions. The first resolution, a special resolution, involved the re-appointment of Sanjay Jhunjhunwalla (DIN: 00233225) as a Non-Executive, Independent Director for a further term of five consecutive years. This resolution was passed with a substantial majority, with 99.66% of the votes in favour.
Additionally, two ordinary resolutions were passed concerning salary increases for senior management. The first approved an increase in the salary of Shri Aakash Aloke Jalan, Senior Manager - Corporate & MISMAT, with 98.59% of the votes in favour. The second ordinary resolution approved a salary increase for Shri Utkarsh Aloke Jalan, also Senior Manager - Corporate & MISMAT, with 98.59% of the votes in favour. The scrutinizer's report, dated October 8, 2026, confirmed that all resolutions were passed with the requisite majority. The e-voting period was open from September 8, 2026, to October 7, 2026.
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Linc 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 medium impact: worth reading, rarely worth acting on by itself.
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