JK Lakshmi Cement Responds to SES Proxy Report

JK Lakshmi Cement Ltd has submitted a clarification and representation to Stakeholders Empowerment Services (SES) regarding SES's proxy advisory report. The company addresses factual errors identified by SES concerning remuneration ratios and amounts for key personnel, including Smt. Vinita Singhania and Amb. Bhaswati Mukherjee. JK Lakshmi Cement also refutes SES's recommendation against voting on Item 5 of the AGM notice, particularly concerning remuneration practices for Executive Directors and the absence of an absolute cap on variable pay. The company asserts that all remuneration, including variable pay, is in compliance with shareholder approvals and statutory limits under the Companies Act, 2013, and is not skewed in favor of promoters.