Naapbooks EGM scheduled for June 24 to approve director pay
Naapbooks Limited has called an EGM on June 24, 2026, to approve the reappointment of Whole-Time Director Mr. Yaman Saluja and revise remuneration for three directors. The proposed annual pay includes Rs. 50,00,000 each for Mr. Yaman Saluja and Mr. Ashish Jain, and Rs. 25,00,000 for Mr. Abhishek Jain. Voting will be conducted by poll, with a cut-off date of June 19, 2026, for shareholder eligibility.
*this image is generated using AI for illustrative purposes only.
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.
| Particulars | FY 2025-26 (Rs. in Lacs) | FY 2024-25 (Rs. in Lacs) |
|---|---|---|
| Revenue from Operation | 1755.24 | 1218.39 |
| Total Income | 1783.59 | 1242.00 |
| Total Expense | 682.67 | 621.91 |
| Profit/(Loss) after Tax | 830.28 | 448.10 |
| Earnings per share | 7.66 | 4.70 |
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.
| Director | Proposed Remuneration (Per Annum) | Past Remuneration (Per Annum) |
|---|---|---|
| Mr. Yaman Saluja (Whole-Time Director) | Rs. 50,00,000 | Rs. 12,00,000 |
| Mr. Ashish Jain (Executive Director) | Rs. 50,00,000 | Rs. 15,00,000 |
| Mr. Abhishek Jain (Non-Executive Director) | Rs. 25,00,000 | NIL |
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.
Historical Stock Returns for Naapbooks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +4.12% | -15.28% | -47.01% | -41.87% | +199.96% |
How will the significant increase in director remuneration impact shareholder sentiment and the company's cost structure?
What strategic initiatives is Mr. Yaman Saluja expected to lead during his new five-year term to sustain the recent revenue growth?
Could the reliance on Section 197 exemptions for remuneration indicate potential volatility in future profitability?
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