Worldwide Aluminium sets Sep 30 AGM; seeks pay approval
- Worldwide Aluminium holds 36th AGM on September 30, 2026
- Directors seek approval for remuneration exceeding 11% net profit limit
- Total managerial pay capped at ₹50 lakhs for FY27
- Parag Jain offers himself for reappointment as director
*this image is generated using AI for illustrative purposes only.
Worldwide Aluminium has scheduled its 36th Annual General Meeting for September 30, 2026. The meeting will be held via Video Conferencing or Other Audio-Visual Means at 4:30 pm. Shareholders will vote on the adoption of financial statements for the year ended March 31, 2026.
Agenda Items
The ordinary business includes the reappointment of Mr. Parag Jain as a director liable to retire by rotation. He is eligible and has offered himself for reappointment.
Under special business, the Board seeks shareholder approval to pay managerial remuneration in excess of 11% of net profits. This request is made pursuant to Section 197 and Schedule V of the Companies Act, 2013.
Remuneration Details
The total managerial remuneration for the financial year 2026-27 is expected to exceed the statutory limit calculated under Section 198 of the Act. The Board has capped the total remuneration at ₹50 lakhs. None of the directors or key managerial personnel have any financial interest in this resolution.
| Item | Detail |
|---|---|
| Meeting Date | September 30, 2026 |
| Time | 4:30 pm |
| Mode | VC / OAVM |
| Remuneration Cap | ₹50 lakhs |
Shareholder Information
The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. Members holding shares in physical form are reminded that allotments are made only in dematerialized form as per SEBI guidelines. Proxies must be deposited at least 48 hours before the meeting commences.
Historical Stock Returns for Worldwide Aluminium
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.21% | -5.95% | +3.98% | +3.51% | 0.0% |
What specific operational or strategic initiatives is Worldwide Aluminium undertaking that necessitate managerial remuneration exceeding the statutory 11% limit?
How might the reappointment of Mr. Parag Jain influence the company's long-term governance structure and strategic direction?
What are the projected financial performance indicators for FY 2026-27 that justify the Board's decision to cap remuneration at ₹50 lakhs?
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