Tradewell Holdings ratifies director remuneration for FY26
- Board approves ratification of ₹18,00,000 remuneration for WTD Kamal Manchanda for FY26
- Payment made under Schedule V due to inadequate profits or losses in FY26
- Future remuneration of ₹18,00,000 for FY27 exceeds Section 197 limits
- Shareholder approval required at the ensuing Annual General Meeting
*this image is generated using AI for illustrative purposes only.
Tradewell Holdings Limited’s Board of Directors has approved the ratification of remuneration paid to Whole-time Director Mr. Kamal Manchanda for the financial year 2025-26.
The approval, granted during a board meeting held on September 4, 2026, is subject to shareholder consent at the company’s ensuing Annual General Meeting (AGM).
Remuneration Details
The board sought to ratify the payment of ₹18,00,000 to Mr. Manchanda for FY26. This amount was paid under Schedule V, Part II, Section II of the Companies Act, 2013, citing inadequate profits or losses during the period.
Additionally, the board approved future remuneration of ₹18,00,000 for FY27 and the balance of his tenure. This prospective payment exceeds the limits prescribed under Section 197(1) of the Companies Act, 2013, based on net profits calculated under Section 198.
| Agenda Item | Particulars | Amount | Period |
|---|---|---|---|
| Ratification | Remuneration paid under Schedule V due to inadequate profits/loss | ₹18,00,000 | FY26 |
| Future Approval | Remuneration exceeding Section 197 limits | ₹18,00,000 | FY27 and balance tenure |
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
The company, formerly known as Brand Realty Services Limited, is headquartered in New Delhi with its corporate office in Noida.
Historical Stock Returns for Tradewell Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | -37.13% | 0.0% | 0.0% |
How might the ratification of remuneration under Schedule V due to inadequate profits impact Tradewell Holdings' future capital allocation strategies?
What are the potential implications for shareholder sentiment if the AGM fails to approve the retrospective and prospective remuneration exceeding Section 197 limits?
Given the reliance on Schedule V payments, what specific operational or financial turnaround measures is management implementing to restore profitability in FY27?
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