News Stocks VLS Finance Limited Issues Postal Ballot Notice for Executive Director Remuneration RevisionVLS Finance Limited Issues Postal Ballot Notice for Executive Director Remuneration Revision
VLS Finance Limited has issued a postal ballot notice seeking shareholder approval for revising Executive Director Shri Keshav Tandan's remuneration structure through remote e-voting from March 11-April 9, 2026. The revision increases basic salary from Rs. 2,64,300 to Rs. 3,14,225 monthly and restructures perquisites to comply with Labour Code provisions requiring basic salary to constitute at least 50% of total emoluments, effective from November 21, 2025.
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VLS Finance Limited has issued a postal ballot notice to shareholders seeking approval for revising the remuneration structure of Executive Director Shri Keshav Tandan (DIN: 10450801). The company announced the e-voting process will commence on March 11, 2026, and conclude on April 9, 2026.
E-Voting Schedule and Process
The remote e-voting facility will be available from 9:00 AM IST on Wednesday, March 11, 2026, and will end at 5:00 PM IST on Thursday, April 9, 2026. The company has appointed Shri Ashutosh Aggarwal, Practicing Company Secretary (COP: 7467), as the scrutinizer for conducting the postal ballot process.
| Parameter | Details |
|---|---|
| E-voting Start Date | March 11, 2026 (9:00 AM IST) |
| E-voting End Date | April 9, 2026 (5:00 PM IST) |
| Cut-off Date | February 27, 2026 |
| Results Declaration | On or before April 13, 2026 |
| Scrutinizer | Shri Ashutosh Aggarwal (COP: 7467) |
Remuneration Structure Revision
The proposed revision aims to comply with Labour Code provisions notified on November 21, 2025, which mandate that basic salary must constitute at least 50% of total emoluments. The Board of Directors approved this revision in their meeting held on February 13, 2026, effective from November 21, 2025.
Current vs. Proposed Remuneration Structure
| Component | Current Amount | Proposed Amount |
|---|---|---|
| Basic Salary (Monthly) | Rs. 2,64,300 | Rs. 3,14,225 |
| HRA/Leased Accommodation | Rs. 1,32,150 | Rs. 2,70,368 |
| Leave Travel Concession | Rs. 6,150 | Rs. 6,150 |
| Professional Allowance | Rs. 1,63,384 | Not applicable |
| Medical & Insurance Allowance | Rs. 30,750 | Not applicable |
Executive Director Profile
Shri Keshav Tandan, aged 45 years, holds qualifications including B.Com., CFA Charter, and PGDBM (Finance). He possesses approximately 20 years of experience in investment fields, particularly in alternate investment areas and real estate. He was appointed as Executive Director on March 29, 2024, and attended all 5 Board meetings during the year.
Compliance and Regulatory Framework
The postal ballot notice has been issued in compliance with Section 110 of the Companies Act, 2013, and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice is being sent electronically to members whose names appear in the Register of Members as on the cut-off date of February 27, 2026.
Voting Eligibility and Process
Shareholders holding shares in both dematerialized and physical form as on the cut-off date are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) for facilitating the e-voting process. Corporate and institutional members can vote through their authorized representatives by submitting relevant board resolutions and authority letters to the scrutinizer.
The results will be communicated to BSE Limited, National Stock Exchange of India Limited, and Calcutta Stock Exchange, where the company's equity shares are listed. The postal ballot results and scrutinizer's report will be available on the company's website at www.vlsfinance.com and NSDL's website at www.evotingindia.com .
Historical Stock Returns for VLS Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.05% | -5.22% | -13.81% | +6.26% | +14.70% | +168.47% |
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