Avadh Sugar & Energy Limited — Others, 18-02-2025: Shareholders meeting

Avadh Sugar & Energy Ltd has announced a board meeting to seek shareholder approval through a postal ballot for the payment of commission to Non-Executive Directors. This commission, not exceeding 1% of the net profits, will be in addition to sitting fees and reimbursements. If there are no profits, a fixed commission of Rs 10 lakh (Cr 1) per director will be paid. Remote e-voting will take place from February 19 to March 20, 2025. This move aims to enhance director remuneration aligning with their responsibilities, potentially fostering better governance and strategic oversight, which could generate a positive outlook among investors.