Manoj Ceramic schedules AGM to approve director remuneration
- AGM scheduled for September 22, 2026, via video conference
- Special resolutions seek approval for director remuneration exceeding statutory limits
- Proposed caps range from ₹18 lakh to ₹21 lakh annually for three directors
- Dhruv Rakhasiya seeks reappointment as Managing Director by rotation
*this image is generated using AI for illustrative purposes only.
Manoj Ceramic has scheduled its 20th Annual General Meeting for September 22, 2026, to approve the remuneration of three directors and adopt the audited financial statements for the fiscal year ended March 31, 2026. The meeting will be held via video conference.
The Board of Directors seeks shareholder approval through special resolutions to pay remuneration to Executive Directors Manoj Dharamshi Rakhasiya and Aakash Manoj Rakhasiya, as well as Non-Executive Director Mrs. Anjana Manoj Rakhasiya. The proposed payments exceed the limits prescribed under Section 197 of the Companies Act, 2013.
Remuneration Details
The approved remuneration caps are set for a period commencing April 1, 2026, and ending June 7, 2028. The specific annual limits are as follows:
| Director Name | Designation | Maximum Remuneration |
|---|---|---|
| Manoj Dharamshi Rakhasiya | Executive Director | ₹21 lakh per annum |
| Aakash Manoj Rakhasiya | Executive Director | ₹18 lakh per annum |
| Anjana Manoj Rakhasiya | Non-Executive Director | ₹21 lakh per annum |
In the event of absence or inadequacy of profits during this period, the approved amounts will be payable as minimum remuneration, subject to applicable provisions of the Act.
Other Business Items
Shareholders will also vote on the reappointment of Mr. Dhruv Rakhasiya as a Managing Director, who retires by rotation. Additionally, the meeting will transact ordinary business including the adoption of standalone and consolidated financial statements for FY26.
What the Numbers Show
The proposed remuneration represents an increase from the previous year's payouts. In FY25-26, Mr. Manoj Dharamshi Rakhasiya drew ₹15 lakh, while Mr. Aakash Manoj Rakhasiya drew ₹12 lakh. The new cap for Mr. Aakash Rakhasiya marks a significant step-up from his prior compensation, aligning with his expanded role in managing export business operations.
Historical Stock Returns for Manoj Ceramic
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +11.63% | 0.0% | +23.08% | -15.83% | 0.0% |
How will the proposed 40% increase in executive remuneration impact Manoj Ceramic's net profit margins and overall cost structure over the next two fiscal years?
What specific growth targets or performance metrics are linked to Aakash Manoj Rakhasiya's expanded role in export operations to justify the significant step-up in his compensation?
Given that the remuneration is payable even in the event of inadequate profits, how might this fixed-cost obligation affect shareholder returns during periods of economic downturn or sectoral slowdown?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
