Worth Peripherals Seeks Shareholder Approval for Director Re-appointment and Remuneration
Worth Peripherals Limited is seeking shareholder approval via postal ballot and remote e-voting for two resolutions. The first is the re-appointment of Smt. Amarveer Kaur Chadha as Whole-Time Director for three years from June 1, 2026. The second is to approve compensation exceeding limits for executive directors who are promoters.
The re-appointment of a Whole-Time Director and the approval for compensation limits are significant corporate governance matters that directly affect the company's management structure and executive compensation, thus having a medium-term impact on stakeholders.
The announcement is a routine procedural disclosure regarding shareholder approval for director re-appointment and remuneration policies. It does not contain any significantly positive or negative financial news or operational updates.
Worth Peripherals Limited has announced that its Board of Directors, in a meeting held on March 11, 2026, approved a notice to obtain member approval through postal ballot, exclusively via remote e-voting. The notice was sent via email to members who had registered their email addresses with Bigshare Services Private Limited or their Depository Participant(s) as of the cut-off date, March 13, 2026.
The company has engaged Central Depository Services (India) Limited (CDSL) for the remote e-voting process, which will commence on March 18, 2026, at 9:00 AM IST and conclude on April 16, 2026, at 5:00 PM IST.
Shareholders will be asked to approve two key resolutions: 1. The re-appointment of Smt. Amarveer Kaur Chadha as Whole-Time Director for a period of three years, effective from June 1, 2026, to May 31, 2029. Her monthly salary will be ₹4,00,000, subject to review and adherence to regulatory limits. 2. Approval for payment of fees or compensation exceeding permissible limits under Regulation 17(6)(e) of SEBI (LODR) Regulations, 2015, for Executive Directors who are Promoters or Members of the Promoter Group. This pertains to situations where annual remuneration exceeds ₹5 crore or 2.5% of net profits, or where aggregate remuneration for multiple such directors exceeds 5% of net profits.
The Postal Ballot Notice, along with an explanatory statement, is available on the company's website and the CDSL e-voting portal. M/s. Anjesh Jain & Co. has been appointed as the Scrutinizer for the postal ballot process.
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Worth Peripherals 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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See the model portfoliosA plain-language summary of a public exchange filing by Worth Peripherals Limited. Read the original for the full detail.