CSM Technologies approved the appointment of Mrutyunjaya Panda as Chief Strategy Officer and increased remuneration for Ashwini Kumar to ₹1.01 crore per annum, effective October 1, 2026.

The board of directors passed these resolutions via circular resolution on September 30, 2026, following recommendations from the Nomination and Remuneration Committee dated September 29, 2026. The changes were disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership restructuring details

Panda’s designation changed from Chief Operating Officer to Chief Strategy Officer to align his role with expanded responsibilities in strategic planning, business growth, cross-functional leadership, performance monitoring, innovation, and risk management. He has been associated with the company since March 16, 1998, initially as a business manager before becoming COO on April 1, 2023.

Kumar’s annual remuneration was revised upward from ₹78 lakh to ₹1.01 crore. The increase recognizes his performance, contribution to organizational results, and aims to align his compensation with industry standards. Kumar serves as Vice President & Zonal Head (North) and has been with the company since September 16, 2010.

Senior management personnel changes

Both individuals are categorized as Senior Management Personnel under the company’s Nomination and Remuneration Policy. Their services continue to be governed by existing terms and conditions of employment.

What the numbers show

Kumar’s remuneration represents a 29.5% increase, rising from ₹78 lakh to ₹1.01 crore. This adjustment reflects a significant step-up in compensation for the Vice President & Zonal Head (North), who has over 17 years of experience in business development and sales. The change underscores the company’s focus on retaining key operational leaders through competitive pay structures aligned with prevailing industry standards.

CSM Technologies Limited concluded its 27th Annual General Meeting on September 29, 2026, adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing, also saw shareholders approve the declaration of a final dividend alongside the confirmation of an interim payout.

The proceedings were chaired by Priyadarshi Pany, Chairman, MD & CEO. Key governance matters included the reappointment of Lagna Panda as a director retiring by rotation and a change in status for Pany himself, transitioning from a director not liable to retire by rotation to one who is liable. These changes align with standard corporate governance frameworks under the Companies Act, 2013.

Related party transactions approved

Shareholders granted approval for related party transactions under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI (LODR) Regulations, 2015. These approvals covered dealings between the company and its subsidiary, Kwantify Solutions Private Limited, as well as other wholly owned subsidiaries. Such disclosures are critical for maintaining transparency in intra-group financial flows.

Voting and compliance details

The company facilitated remote e-voting from September 26 to September 28, 2026, allowing members to cast votes electronically on all resolutions. CS Chandanbala Ojas Mehta served as the scrutinizer for the voting process. The meeting adhered to Ministry of Corporate Affairs circulars and SEBI listing obligations regarding virtual meetings.

The voting results will be separately intimated to stock exchanges and uploaded to the company’s website and CDSL’s portal. The summary document clarifies that it does not constitute the official minutes of the meeting.