Naapbooks Limited shareholders approved the reappointment of Mr. Yaman Saluja as Whole-Time Director for a period of five years and sanctioned revised remuneration for its top leadership at an Extra-Ordinary General Meeting (EGM) held on June 24, 2026. The meeting, chaired by Mr. Ashish Jain, passed four special resolutions via poll regarding the remuneration and tenure of its directors. These decisions ensure the continuity of the current management structure and align executive compensation with the company's strategic goals.

The EGM was conducted physically at the registered office of Naapbooks Limited in Ahmedabad. Mr. Yaman Saluja, Whole-Time Director, confirmed the requisite quorum and introduced the panelists, including Mr. Nirav Soni, Proprietor of M/s Nirav Soni & Co., who served as the scrutinizer for the voting process. The poll was demanded by promoters Mr. Yaman Saluja and Mr. Ashish Jain, who hold 6.58% and 11.08% of the total paid-up share capital respectively.

Voting was conducted through poll papers under Section 109 of the Companies Act, 2013. Members whose names appeared in the Register of Members or Register of Beneficial Owners as of the cut-off date, Friday, June 19, 2026, were entitled to vote. The scrutinizer oversaw the process, ensuring compliance with regulatory requirements before the results were declared.

All four special resolutions tabled at the meeting received shareholder approval. The resolutions covered the reappointment of Mr. Yaman Saluja and the revision of remuneration for Mr. Yaman Saluja, Mr. Ashish Jain, and Mr. Abhishek Jain. The detailed outcomes of the resolutions are as follows:

The proceedings of the EoGM will be available on the company's website and have been submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The meeting concluded at 04:45 P.M. (IST) after the formal adoption of the resolutions.

Naapbooks Limited has scheduled an Extra-Ordinary General Meeting (EGM) on June 24, 2026, to seek shareholder approval for the reappointment of Whole-Time Director Mr. Yaman Saluja and the revision of remuneration for three directors. The meeting will be held at the company's registered office in Ahmedabad at 04:00 P.M. IST. Shareholders recorded in the Register of Members or Beneficial Owners as of the cut-off date, June 19, 2026, are entitled to vote on the resolutions.

The Board, at its meeting on May 30, 2026, recommended the reappointment of Mr. Yaman Saluja as Whole-Time Director for a period of five years commencing from January 12, 2026, to January 11, 2031. The resolutions also seek approval for the revision of remuneration for Mr. Yaman Saluja, Mr. Ashish Jain (Executive Director), and Mr. Abhishek Jain (Non-Executive Director) for the financial years 2026-27 to 2028-29. The proposed remuneration packages may exceed the limits prescribed under Section 197 of the Companies Act, 2013, in case of inadequate profits.

Financial Performance

The company disclosed its standalone financial performance for the past three financial years in the explanatory statement. Revenue from operations rose to Rs. 1755.24 lakh in FY 2025-26 from Rs. 1218.39 lakh in FY 2024-25. Profit after tax increased to Rs. 830.28 lakh in FY 2025-26 compared to Rs. 448.10 lakh in the previous year.

Remuneration Details

The proposed remuneration includes salary, perquisites, leave travel assistance, gratuity, and reimbursement of business expenses. No sitting fee will be payable to Mr. Yaman Saluja and Mr. Ashish Jain for attending Board meetings, whereas Mr. Abhishek Jain will be entitled to a sitting fee in addition to his remuneration.

Meeting Details

Voting at the EGM shall be carried out by poll. The company stated that it is exempt from providing e-voting facilities as it is covered under Chapter IX of the SEBI (ICDR) Regulations, 2018. The cut-off date for determining shareholder eligibility for voting is June 19, 2026.