PVR INOX Limited Shareholders Approve Executive Remuneration Through Postal Ballot
PVR INOX Limited shareholders overwhelmingly approved remuneration packages for Managing Director Ajay Kumar Bijli and Executive Director Sanjeev Kumar through a postal ballot concluded on March 16, 2026. Both special resolutions received 89.43% approval from 748 voters representing 7,22,63,588 shares. The remote e-voting process, conducted from February 13 to March 14, 2026, covered 2,46,897 shareholders and demonstrated strong support for the executive compensation structures across all shareholder categories.
*this image is generated using AI for illustrative purposes only.
PVR INOX Limited has successfully concluded its postal ballot process, with shareholders approving remuneration packages for the company's Managing Director and Executive Director. The results, announced on March 16, 2026, demonstrate strong shareholder support for the proposed executive compensation structures.
Postal Ballot Overview
The postal ballot was conducted entirely through remote e-voting, covering 2,46,897 shareholders as of the cut-off date of February 6, 2026. The voting process commenced on February 13, 2026, at 09:00 a.m. and concluded on March 14, 2026, at 05:00 p.m. The company's fully paid-up share capital stands at ₹98,19,99,620, divided into 9,81,99,962 equity shares of ₹10 each.
Resolution Results
Both special resolutions received substantial shareholder approval:
| Resolution | Executive | Votes in Favour | Votes Against | Approval Rate |
|---|---|---|---|---|
| Resolution 1 | Ajay Kumar Bijli (Managing Director) | 6,46,26,529 | 76,37,059 | 89.43% |
| Resolution 2 | Sanjeev Kumar (Executive Director) | 6,46,26,172 | 76,37,416 | 89.43% |
Voting Participation Details
The postal ballot attracted participation from 748 voters who cast votes on 7,22,63,588 shares, representing a paid-up value of ₹72,26,35,880. The voting breakdown across different shareholder categories showed varied participation levels:
| Category | Shares Held | Votes Polled | Participation Rate |
|---|---|---|---|
| Promoter and Promoter Group | 2,70,34,066 | 2,70,34,066 | 100.00% |
| Public Institutions | 4,92,53,963 | 4,11,31,124 | 83.51% |
| Public Non-Institutions | 2,19,11,933 | 40,98,398 | 18.70% |
Scrutinizer's Oversight
Devesh Kumar Vasisht, Managing Partner of DPV & Associates LLP, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed that all procedural requirements under the Companies Act, 2013, and SEBI regulations were properly followed. The remote e-voting was conducted through NSDL's platform at www.evotingnsdl.com , ensuring transparency and security in the voting process.
Regulatory Compliance
The postal ballot process adhered to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company published advertisements regarding the postal ballot notice on February 13, 2026, in Business Standard (English) and Loksatta (Marathi) newspapers. The voting results and scrutinizer's report will be made available on the stock exchange websites (NSE and BSE) and the company's investor section.
Executive Leadership
The approved remuneration packages cover Ajay Kumar Bijli (DIN: 00531142), who serves as Managing Director, and Sanjeev Kumar (DIN: 00208173), who holds the position of Executive Director. Both resolutions were classified as special resolutions, requiring a higher threshold of shareholder approval, which was comfortably achieved in both cases.
Historical Stock Returns for PVR Inox
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.14% | -3.00% | -4.98% | -11.56% | +3.71% | -28.67% |
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