Globtier Infotech AGM to approve director pay hikes on Sept 24
- Globtier Infotech holds its 14th AGM on September 24, 2026, via video conference
- Shareholders to approve salary hikes for Chairman Rajiv Shukla and Executive Director Rekha Shukla to ₹52 lakh annually
- Related party Sanskriti Shukla's pay increases to ₹36 lakh plus incentives
- Non-Executive Director Rahul Shukla retires by rotation and seeks reappointment
- Remote e-voting opens on September 21 and closes on September 23
*this image is generated using AI for illustrative purposes only.
Globtier Infotech Limited has scheduled its 14th Annual General Meeting for Thursday, September 24, 2026. The meeting will be held at 3:00 pm through Video Conferencing or Other Audio-Visual Means.
The company confirmed the date in a disclosure to the Bombay Stock Exchange on September 1, 2026. The notice outlines ordinary business, including the adoption of audited financial statements for FY26, and special business regarding director remuneration.
Key Agenda Items
The AGM will address several critical governance matters. Members will vote on the reappointment of Mr. Rahul Shukla as a Non-Executive Director, who retires by rotation. Additionally, shareholders will decide on remuneration revisions for the Chairman & Managing Director, Executive Director, and Head of Marketing & Communications.
Remuneration Revisions
The Board seeks approval for revised pay packages effective from April 1, 2026, through March 31, 2029.
| Director | Role | Revised Annual Salary | Additional Benefits |
|---|---|---|---|
| Rajiv Shukla | Chairman & Managing Director | ₹52 lakh | Commission up to 1% of turnover |
| Rekha Shukla | Executive Director | ₹52 lakh | Commission up to 1% of turnover |
| Sanskriti Shukla | Head – Marketing & Communications | ₹36 lakh | Performance-linked incentive up to ₹6 lakh |
Mr. Rajiv Shukla and Ms. Rekha Shukla will each receive a base salary of ₹52 lakh per annum, inclusive of perquisites. Both are eligible for a commission of up to 1% of turnover if adequate profits are generated. In the event of inadequate profits, their remuneration will align with Schedule V of the Companies Act, 2013.
Ms. Sanskriti Shukla’s salary is proposed to increase from ₹30 lakh to ₹36 lakh per annum. This package includes a performance-linked incentive of up to ₹6 lakh per annum. She is a related party, being the daughter of Mr. Rajiv Shukla and Ms. Rekha Shukla.
Director Reappointment
Mr. Rahul Shukla (DIN: 08578849) retires by rotation and offers himself for reappointment. He serves as a Non-Executive Director and is eligible for sitting fees only. He holds an LL.M. from Georgetown University Law Center and has over seven years of legal experience.
Meeting Logistics
The meeting adheres to Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, allowing VC/OAVM participation. The record date for voting rights is September 17, 2026. Remote e-voting begins on September 21, 2026, at 9:00 am and ends on September 23, 2026, at 5:00 pm via NSDL.
Shivani Gupta, Chief Compliance Officer & Company Secretary, signed the communication. Newspaper advertisements were published in Jansatta (Hindi) and Financial Express (English).
Historical Stock Returns for Globtier Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.64% | -5.98% | 0.0% | +9.14% | -57.58% | -71.86% |
How might the proposed 1% turnover-based commission for the Chairman and Executive Director impact Globtier Infotech's profit margins if revenue growth outpaces operational efficiency?
What is the market's likely reaction to the reappointment of Mr. Rahul Shukla, given his legal background and the increasing regulatory scrutiny on corporate governance in Indian IT firms?
Could the performance-linked incentive structure for Ms. Sanskriti Shukla lead to conflicts of interest, considering her familial relationship with the top management?
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