MPDL Limited shareholders have approved the remuneration package for Santosh Kumar Jha, the company’s Whole Time Director, through a postal ballot process. The ordinary resolution was passed with overwhelming support, receiving 100% of the valid votes polled. This approval ensures continuity in leadership compensation as the company continues its operational activities under Jha’s direction.

The postal ballot notice was issued on May 29, 2026, seeking shareholder approval for Jha’s remuneration in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The remote e-voting process commenced on June 30, 2026, and concluded on July 29, 2026. The resolution was deemed passed on July 29, 2026, being the last date for receipt of e-votes.

Sanjay Grover & Associates, Company Secretaries, acted as the scrutinizer for the ballot process. Anirudh Grover, Partner at Sanjay Grover & Associates, certified the voting results pursuant to Section 110 of the Companies Act, 2013 and Rule 22 of the Companies (Management and Administration) Rules, 2014. The scrutinizer confirmed that the e-voting process was monitored securely via National Securities Depository Limited (NSDL) and unblocked in the presence of independent witnesses Vipin Dhameja and Harshit Saxena.

As of the cut-off date of June 19, 2026, MPDL Limited had 2,415 registered shareholders holding a total of 74,12,524 equity shares. The fully paid-up share capital stood at ₹7,41,25,240, divided into equity shares of ₹10 each. Shareholders were notified via advertisements in Financial Express and Jansatta newspapers on June 30, 2026.

Voting Results Breakdown

The voting data reveals strong alignment between promoter and public shareholders regarding the remuneration proposal. Promoters held 55,57,730 shares and voted entirely in favor. Public non-institutional shareholders, who held 15,45,033 shares, participated actively with 13.96% participation rate, also voting overwhelmingly in favor.

What the Numbers Show

The near-unanimous support for the remuneration resolution indicates high confidence among investors in the current management structure. With promoters casting all their votes in favor and public non-institutional shareholders showing 99.99% support, there is minimal dissent regarding executive compensation. The low participation from institutional investors (0%) suggests that retail and promoter interests dominated this specific governance decision, which is typical for routine remuneration approvals in mid-cap listed entities.

MPDL Limited has initiated a postal ballot process to seek shareholder approval for the remuneration of Whole Time Director Mr. Santosh Kumar Jha. The proposed remuneration, effective from February 24, 2026, totals ₹1,85,428 per month and requires approval through an ordinary resolution via remote e-voting. The company reported a net loss of ₹650.04 lakh for the financial year 2025-26, necessitating member consent under Schedule V of the Companies Act, 2013 to pay the remuneration as minimum remuneration during the period of inadequate profits.

The Board of Directors approved the remuneration structure at its meeting held on May 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. Mr. Santosh Kumar Jha (DIN: 10052694) was initially appointed as Whole Time Director on February 24, 2023, for a five-year term. The new remuneration package is intended to cover the remainder of his tenure.

Proposed Remuneration Structure

The remuneration is divided into salary and perquisites. The gross monthly salary includes basic salary, house rent allowance, conveyance, medical allowance, and a special allowance.

In addition to the salary, Mr. Jha is entitled to perquisites including gratuity, provident fund, mediclaim policy, telephone expenses, and earned leave as per company policy. He will not be entitled to any sitting fees for attending board or committee meetings. The resolution also authorizes the board to alter the remuneration within the limits prescribed under the Companies Act, 2013.

Financial Context and Voting Details

The explanatory statement highlights that the company's effective capital as on March 31, 2026, was ₹58.36 crore. The proposed annual remuneration of ₹22.25 lakh is within the limits prescribed under Section II of Part II of Schedule V of the Companies Act, 2013. For FY 2025-26, the company reported a total income of ₹2144.67 lakh against a total expenditure of ₹3012.90 lakh, resulting in a net loss of ₹650.04 lakh.

The remote e-voting process is open from Tuesday, June 30, 2026 (9:00 A.M. IST) to Wednesday, July 29, 2026 (5:00 P.M. IST). Shareholders whose names appear in the Register of Members as on the cut-off date of Friday, June 19, 2026, are eligible to vote. The results of the postal ballot will be announced on or before Friday, July 31, 2026. M/s Sanjay Grover & Associates has been appointed as the scrutinizer for the process.