KPIT Tech Responds to SES on Director Remuneration & Reappointment
KPIT Technologies Limited has issued a response to the voting recommendations from Stakeholders Empowerment Services (SES) regarding its upcoming 9th Annual General Meeting (AGM) on August 31, 2026. The company addresses SES's concerns on Resolutions 5, 6, and 9. Resolution 5 pertains to maintaining remuneration limits for Non-Executive Directors (NEDs), where SES raised transparency issues regarding past payments to the late Mr. S. B. (Ravi) Pandit. KPIT clarified that the proposal maintains the existing 2% net profit limit and that Dr. Nirmala Pandit will be remunerated like other Independent Directors, with past payments to Mr. Pandit reflecting his exceptional contribution. Resolution 6 concerns Executive Director remuneration limits, and Resolution 9 is about the reappointment of Mr. Chinmay Pandit. The company asserts that its AGM Notice and the provided clarifications address SES's concerns.
Key Highlights
- KPIT Technologies responds to SES voting recommendations for 9th AGM.
- Clarifications provided on director remuneration and reappointment resolutions.
- Company addresses concerns on NED remuneration transparency and limits.
- Reappointment of Mr. Chinmay Pandit as Whole-time Director is proposed.
- AGM scheduled for August 31, 2026, to discuss these resolutions.
Price Impact
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