Corporate Governance29 May 2026, 06:33 pm
G. G. Dandekar: KMP Remuneration Revised, Director Re-Appointment
AI Summary
G. G. Dandekar Properties Ltd's Board approved the revision in remuneration for Key Managerial Personnel (KMPs) effective April 1, 2026, to align with the Code on Wages. The KMPs affected are Mr. Pranav Vijay Deshpande, Mr. Pankaj Arun Parkhi, and Ms. Ashwini Sanjay Paranjape. The board also recommended the re-appointment of CA Vibha Surana as a Non-executive non-independent Director, subject to shareholder approval at the upcoming Annual General Meeting. The meeting concluded at 4:15 pm on May 29, 2026.
Key Highlights
- KMP remuneration revised effective April 1, 2026, to comply with wage code.
- Affected KMPs include CEO, CFO, and Company Secretary.
- CA Vibha Surana's re-appointment as Director is recommended.
- Shareholder approval is required for CA Vibha Surana's re-appointment.
- Remuneration revision results in a 1.03% impact on employee benefit expenses, amounting to ₹68,252.
Price Impact
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