HEG Limited — Important, 30-12-2024: General Updates

Shareholders of HEG Limited approved two special resolutions via postal ballot. The first resolution approved the appointment of Dr. Kamal Gupta as Non-Executive Non-Independent Director, with 99.24% votes in favor, reflecting strong support. The second resolution confirmed the re-appointment and remuneration of Shri Manish Gulati as Whole Time Director, achieving 99.89% approval. The remuneration package includes a basic salary of ₹5,14,257 monthly, a maximum commission of ₹2 crore based on profits, and various allowances, ensuring competitive compensation aligned with company performance. Both appointments signal strong leadership continuity within HEG, which could positively impact governance and strategic direction moving forward. Investors may view this as a bolstering of management's capabilities, indicating potential for sustained growth.