Narendra Properties Approves Director Remuneration & Investments
Narendra Properties Ltd's Board of Directors, in a meeting held on August 11, 2026, approved several key decisions. These include the payment of remuneration to Non-Executive Director Mr. Nishank Sakariya as a consultant from January 1, 2027, to December 31, 2027, with a monthly fee not exceeding ₹2,50,000. Additionally, consultancy fees were approved for promoters Mr. Narendra C Maher and Mr. Narendra Sakariya for the same period, with annual fees not exceeding ₹900,000 each. The board also re-appointed Ms. Kavita Patel as an Independent Director for a second five-year term from December 27, 2026, to December 26, 2031. Furthermore, the company is authorized to make investments, loans, and guarantees up to ₹50 Crores, exceeding the limits prescribed under Section 186 of the Companies Act, 2013.
Key Highlights
- Remuneration approved for Non-Executive Director as consultant.
- Promoters to receive consultancy fees for one year.
- Independent Director re-appointed for a second five-year term.
- Company authorized for significant investments, loans, and guarantees.
- Board meeting held on August 11, 2026, with approvals effective from 2027.
Price Impact
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