News Corporate Actions Caprolactam Chemicals Limited Announces Postal Ballot Calendar for Director Remuneration and Related Party TransactionsCaprolactam Chemicals Limited Announces Postal Ballot Calendar for Director Remuneration and Related Party Transactions
Caprolactam Chemicals Limited has issued a postal ballot notice seeking shareholder approval for four resolutions including remuneration revisions for CFO Mr. Siddharth Bhanushali and MD Ms. Zaver Bhanushali, property leasing with Ms. Shital Bhanushali, and consultancy fee revision for Mr. Shankar Bhanushali. The e-voting process will run from February 28 to March 29, 2026.
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Caprolactam Chemicals Limited has issued a comprehensive postal ballot notice dated February 25, 2026, seeking shareholder approval for significant corporate governance matters including director remuneration revisions and related party transactions. The company has also released the official calendar of events for the postal ballot process.
Postal Ballot Resolutions Overview
The company has proposed four key resolutions for shareholder consideration, comprising two special resolutions and two ordinary resolutions:
| Resolution No.: | Description | Type |
|---|---|---|
| 1 | Revision in Remuneration of Mr. Siddharth Shankarlal Bhanushali (CFO cum Whole-Time Director) | Special Resolution |
| 2 | Revision in Remuneration of Ms. Zaver Shankarlal Bhanushali (Managing Director) | Special Resolution |
| 3 | Related Party Transaction with Ms. Shital Bhanushali for Property Leasing | Ordinary Resolution |
| 4 | Revision in Consultancy Fees for Mr. Shankar Bhanushali | Ordinary Resolution |
Director Remuneration Revisions
The Board of Directors, based on recommendations from the Nomination and Remuneration Committee at their meeting held on February 13, 2026, has approved significant remuneration revisions for key executive positions.
Chief Financial Officer cum Whole-Time Director
Mr. Siddharth Shankarlal Bhanushali's revised compensation structure includes:
| Component: | Details |
|---|---|
| Basic Salary: | Rs. 2,00,000 per month |
| Allowances & Perquisites: | As per Company policy |
| Variable Pay/Performance Incentive: | As approved by Board/NRC |
| Other Benefits: | As applicable to senior management |
| Effective Date: | April 1, 2026 |
Managing Director
Ms. Zaver Shankarlal Bhanushali's revised remuneration package encompasses:
| Component: | Details |
|---|---|
| Basic Salary: | Rs. 1,50,000 per month |
| Allowances & Perquisites: | As per Company policy |
| Performance-linked Incentive/Commission: | As determined by Board and NRC |
| Other Benefits: | As applicable to Managing Director |
| Effective Date: | April 1, 2026 |
Related Party Transactions
Property Leasing Arrangement
The company seeks approval for a property leasing transaction with Ms. Shital Bhanushali for office premises:
| Parameter: | Details |
|---|---|
| Property Description: | 339 sq feet carpet area, 11th Room Number, Vaishali Apartment |
| Location: | 353/2B, R. B. Mehta Marg, Ghatkopar (E) Mumbai |
| Monthly Rent: | Rs. 65,000 (exclusive of taxes) |
| Security Deposit: | NIL |
| Tenure: | 36 months |
| Escalation: | 10% increase after every 12 months |
| Purpose: | Office Use |
Consultancy Fee Revision
The board proposes revising consultancy fees for Mr. Shankar Bhanushali's liaisoning and consultancy services:
| Fee Structure: | Amount |
|---|---|
| Existing Consultancy Fee: | Rs. 50,000 per month |
| Revised Consultancy Fee: | Rs. 80,000 per month |
| Effective Date: | April 1, 2026 |
| Tenure: | 36 months |
| Service Nature: | Liaisoning and consultancy for process plant purposes |
Postal Ballot Calendar and E-Voting Timeline
The company has released the official calendar of events for the postal ballot process, which will be conducted exclusively through remote e-voting using Purva Sharegistry (India) Private Limited's platform:
| Event: | Date/Details |
|---|---|
| Scrutinizer Appointment: | February 14, 2026 |
| Cut-off Date: | February 20, 2026 |
| Notice Dispatch Completion: | February 25, 2026 |
| E-voting Commencement: | February 28, 2026 at 10:00 a.m. (IST) |
| E-voting Conclusion: | March 29, 2026 at 5:00 p.m. (IST) |
| Scrutinizer Report Submission: | March 30, 2026 |
| Results Declaration: | March 30, 2026 |
Mr. Rahul Gori has been appointed as the Scrutinizer to conduct the postal ballot process and scrutinize votes in a fair and transparent manner.
Compliance and Regulatory Framework
All proposed resolutions comply with applicable provisions of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The transactions are structured to be conducted at arm's length basis and in the ordinary course of business. Interested related parties, including the directors and their relatives mentioned in the resolutions, will abstain from voting in accordance with regulatory requirements.
