Board Meeting4 Nov 2026, 06:01 pm
Midwest Energy Ltd Board Approves CEO Remuneration
AI Summary
Midwest Energy Ltd announced that its Board of Directors, in a meeting held on November 04, 2026, approved the remuneration for Mrs. Soumya K, Whole-Time Director and CEO. Her remuneration, effective from November 04, 2026, for a period of three years, includes an annual gross salary of ₹3,52,50,000 and retirement benefits of ₹7,50,000, totaling ₹3,60,00,000. This remuneration exceeds the limits prescribed by the Companies Act, 2013, and will require member approval via a Special Resolution.
Key Highlights
- Board approved CEO remuneration package.
- Remuneration includes ₹3.525 Cr annual gross salary.
- Total fixed remuneration set at ₹3.60 Cr annually.
- Approval from shareholders via Special Resolution needed.
- Remuneration effective from November 04, 2026 for 3 years.
Price Impact
More from REMAGNET