Safety Controls & Devices revises MD pay to ₹80 lakh at 11th AGM
- Fixed remuneration of MD Rajnish Chopra revised to max ₹80 lakh from ₹34 lakh
- Performance incentive capped at 2% of net profit introduced
- M/s. MMA & Partners appointed as secretarial auditors for FY27-FY31
- Audited standalone financial statements for FY26 adopted without qualifications
*this image is generated using AI for illustrative purposes only.
Safety Controls & Devices Limited approved a special resolution to revise the fixed remuneration of Managing Director Rajnish Chopra to not exceed ₹80 lakh per annum, effective July 1, 2026. The decision was taken during the company's 11th Annual General Meeting held on September 26, 2026, in Lucknow.
The meeting also saw the adoption of audited standalone financial statements for FY26. Members passed an ordinary resolution for the re-appointment of Chopra as a director retiring by rotation. Additionally, the shareholders appointed M/s. MMA & Partners as the secretarial auditors for a five-year term spanning FY27 to FY31.
Remuneration Structure Changes
The revision in pay marks a significant increase from the previous financial year's compensation. Chopra, who has led the company since its incorporation, received ₹34 lakh in the previous fiscal year. The new structure introduces a performance-linked component alongside the fixed cap.
| Component | Previous Year | Proposed Revision |
|---|---|---|
| Fixed Remuneration | ₹34,00,000 | Not exceeding ₹80,00,000 |
| Performance Incentive | Not specified | Up to 2% of Net Profit |
Chopra holds 9,149,305 shares in the company and attended all 14 board meetings held during the year. He serves as the Chairman of the Corporate Social Responsibility Committee.
Governance and Auditor Appointment
In line with regulatory requirements, the company appointed M/s. MMA & Partners, Practising Company Secretaries, as its new secretarial auditors. This appointment covers five consecutive financial years starting from FY27 through FY31. The firm is noted for providing corporate governance and legal compliance services.
The statutory auditors' report for FY26 contained no qualifications, reservations, or adverse remarks. The meeting was conducted in physical mode at Hotel Clarks Avadh, with remote e-voting facilities provided prior to the event.
Historical Stock Returns for Safety Controls & Devices
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.55% | -6.17% | -5.70% | -18.99% | -18.99% | -18.99% |
How will the introduction of a performance-linked incentive capped at 2% of net profit impact Safety Controls & Devices' cost structure and profitability margins in FY27?
What specific strategic initiatives or growth targets must Managing Director Rajnish Chopra achieve to justify the more than doubling of his fixed remuneration to ₹80 lakh?
How might the five-year appointment of M/s. MMA & Partners as secretarial auditors influence the company's long-term corporate governance framework and compliance efficiency?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
