NewsStocksManoj Jewellers Board Approves Remuneration Increases for Key Executives and Postal Ballot ProcessManoj Jewellers Board Approves Remuneration Increases for Key Executives and Postal Ballot Process
Manoj Jewellers Limited's board has approved remuneration increases for three key executives: Manoj Kumar (Chairman and Managing Director), Sunil Kumar (Executive Director), and Raj Kumari (Whole-Time Director). The increases are subject to shareholder approval via postal ballot. The board has appointed Dilip Swarnkar as scrutinizer for the e-voting process and set a cut-off date for ballot submission and voting eligibility. The meeting was held at the company's Chennai office on October 16, 2025.
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Manoj Jewellers Limited has announced significant corporate actions following a board meeting held on October 16, 2025. The company's Board of Directors has approved remuneration increases for three key executives, subject to shareholder approval, and set in motion a postal ballot process for the same.
Executive Remuneration Increases
The board has approved remuneration increases for the following key executives:
| Executive | Position |
|---|---|
| Manoj Kumar | Chairman and Managing Director |
| Sunil Kumar | Executive Director |
| Raj Kumari | Whole-Time Director |
These remuneration increases are subject to shareholder approval, which will be sought through a postal ballot process.
Postal Ballot Process
To facilitate the shareholder approval process, the board has taken several key steps:
- Approved a draft postal ballot notice
- Appointed Dilip Swarnkar, Sole Proprietor of M/s Dilip Swarnkar & Associates, Practicing Company Secretaries, as the scrutinizer for conducting the e-voting process
- Set a cut-off date for postal ballot submission and shareholder e-voting eligibility
Meeting Details
The board meeting was held at the company's registered office located at No. 59, NSC Bose Road, Sowcarpet, Chennai, Tamil Nadu, India, 600079. The meeting commenced at 11:00 AM and concluded at 11:40 AM.
These corporate actions reflect Manoj Jewellers' commitment to good governance practices and shareholder engagement. The company has duly informed the relevant stock exchange about these developments in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shareholders and investors of Manoj Jewellers Limited should look out for further communications regarding the postal ballot process and voting instructions to participate in the decision-making process for the proposed remuneration increases.
Historical Stock Returns for Manoj Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.29% | +1.98% | +12.83% | +12.66% | -1.38% | -1.38% |
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