Sansera Engineering Limited — Important, 25-02-2025: Updates

Sansera Engineering Limited has initiated a postal ballot process seeking shareholder approval for two key resolutions. The first resolution involves the re-appointment of Mr. Subramonia Sekhar Vasan as Managing Director, designating him as Chairman & Managing Director for a five-year term beginning July 8, 2025. The second resolution pertains to his remuneration, proposed to range from ₹2.50 Cr to ₹4.00 Cr per annum, alongside a commission between ₹0.75 Cr and ₹3.00 Cr per annum. This proposal reflects Mr. Vasan’s pivotal role in the company’s growth and strategy implementation. With his extensive experience and proven leadership skills, the board believes his continued oversight is crucial for navigating upcoming projects and industry challenges. Shareholders can cast their votes electronically from March 1, 2025, to March 30, 2025. The Board strongly advises favoring these resolutions, highlighting Mr. Vasan's instrumental contributions to the company’s success.