Workmates Core2cloud sets AGM on Sept 25, approves executive pay hikes
- Workmates Core2cloud schedules 8th AGM for September 25, 2026, via video conferencing
- Record date set for September 18, 2026, with book closure lasting until the meeting date
- Board approves pay hikes for CFO Debasish Sarkar and MD Basanta Kumar Rana effective April 1, 2026
- Shareholders reminded to update email IDs and KYC details as per SEBI circulars
*this image is generated using AI for illustrative purposes only.
Workmates Core2cloud Solution Limited has scheduled its eighth Annual General Meeting for Friday, September 25, 2026. The company also fixed the record date for the meeting as September 18, 2026.
The Board of Directors approved these details during a meeting held on August 20, 2026, in Kolkata. The AGM will be conducted through Video Conferencing and Other Audio-Visual Means to ensure regulatory compliance. The meeting is scheduled to begin at 12:30 pm IST.
AGM Schedule and Book Closure
The register of members and share transfer books will remain closed from Friday, September 18, 2026, to Friday, September 25, 2026, both days inclusive. This period ensures that only shareholders registered as of the record date are eligible to vote or receive dividends declared during the meeting.
| Parameter | Details |
|---|---|
| Meeting Date | September 25, 2026 |
| Meeting Time | 12:30 pm |
| Record Date | September 18, 2026 |
| Book Closure Period | September 18, 2026 to September 25, 2026 |
| Mode | Video Conferencing / Other Audio-Visual Means |
Executive Remuneration Revisions
In the same board meeting, the company approved revisions to the remuneration packages of its key executives. The changes apply to Mr. Debasish Sarkar, Whole Time Director & Chief Financial Officer, and Mr. Basanta Kumar Rana, Managing Director.
The explanatory statement reveals specific monetary values for the proposed hikes, effective April 1, 2026:
- Debasish Sarkar: Remuneration to increase from ₹42 lakh per annum to ₹54 lakh per annum.
- Basanta Kumar Rana: Remuneration to increase from ₹63.60 lakh per annum to ₹75.60 lakh per annum.
Both executives are eligible for annual increments not exceeding 20% of their last drawn remuneration. The resolutions require shareholder approval as Special Resolutions.
Regulatory Compliance and Shareholder Updates
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Prateek Kohli, a Practicing Company Secretary (Mem. No: F11511), has been appointed to scrutinize the e-Voting process for the upcoming AGM.
The company has also reminded shareholders who have not registered their email addresses with the company or depository participants to update their details. Shareholders holding physical securities are urged to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Payments for folios without updated PAN, nomination, or bank details will be made only through electronic mode effective April 1, 2024.
Historical Stock Returns for Workmates Core2Cloud Solution
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +41.06% | +34.04% | +45.60% | 0.0% | 0.0% |
How might the proposed 20% remuneration hikes for key executives impact Workmates Core2cloud's operational costs and future profit margins?
What strategic initiatives or performance milestones is the company likely to highlight to justify these executive pay increases to shareholders during the AGM?
Could the strict KYC and PAN update requirements lead to a temporary dip in dividend payout efficiency or shareholder engagement metrics?
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