Apsis Aerocom EGM approves increase in managerial remuneration
Apsis Aerocom Limited conducted its 1st Extra-Ordinary General Meeting on May 26, 2026, approving increases in managerial remuneration for the Managing Director, Whole Time Director, and Chairman through special resolutions. The meeting was held via video conferencing, with remote e-voting facilitated by CDSL prior to the event.
*this image is generated using AI for illustrative purposes only.
Apsis Aerocom Limited held its 1st Extra-Ordinary General Meeting (EGM) on May 26, 2026, to approve increases in managerial remuneration for its senior leadership. The meeting, conducted via Video Conferencing and Other Audio-Visual Means, was held in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). Shareholders approved special resolutions to raise the remuneration of the Managing Director, Whole Time Director, and Chairman of the company.
The EGM commenced at 03:05 P.M. IST and concluded at 03:19 P.M. IST. The Board of Directors, including Mr. Basavaraju Kanakatte Shivakumar, Mr. Vinod Kumar Mariyappan, and Mr. Mihir Kumar Pradhan, attended the meeting virtually. Mr. Ajay Madaiah B B, Practising Company Secretary, served as the Scrutinizer for the e-voting process.
Remote e-voting facilities were provided through Central Depository Services Limited (CDSL) from May 22, 2026, to May 25, 2026. The resolutions passed during the meeting focused specifically on adjusting the compensation packages for the top executives to align with corporate governance standards.
Resolutions Passed
The following special resolutions were approved during the EGM:
| Sr. No. | Particulars | Type of Resolution |
|---|---|---|
| 1 | To consider and approve the Increase in managerial remuneration of Managing Director of the company | Special Resolution |
| 2 | To consider and approve the Increase in managerial remuneration of Whole Time Director of the company | Special Resolution |
| 3 | To consider and approve the increase in managerial remuneration of the Chairman of the company | Special Resolution |
The Company Secretary, Saloni Jayati, confirmed that no shareholder registrations for speaking were received. The scrutinizer's report and e-voting results will be disseminated to the National Stock Exchange of India Limited and published on the company's website and CDSL's platform.
Historical Stock Returns for Apsis Aerocom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | +6.80% | +29.48% | +88.08% | +88.08% | +88.08% |
How will the increased remuneration impact the company's operational expenses and profitability in the upcoming fiscal year?
What specific performance metrics or milestones are tied to the revised compensation packages for the senior leadership?
How might this decision influence shareholder sentiment and future voting patterns on executive compensation proposals?
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