Selan Exploration Technology Limited — Others, 25-02-2025: Shareholders meeting

Selan Exploration Technology Limited has announced a board meeting on February 7, 2025, to seek shareholder approval via a postal ballot for the remuneration packages of its Managing Director, Mr. Suniti Kumar Bhat, and Whole Time Director, Mr. Siva Kumar Pothepalli, effective from FY 2025-26. Both executives will continue to receive pay even in case of profit inadequacy, in line with the Companies Act. The remote e-voting period will open on February 26, 2025, and close on March 27, 2025, with results to be disclosed by March 31, 2025. This move seeks to align compensation with the strategic interests of the company amid the amalgamation process. Investor sentiment may reflect a neutral impact, given the established leadership's continuity and potential alignment with strategic goals.