Heubach Colorants India Limited — Others, 23-12-2024: Shareholders meeting

Heubach Colorants India Limited has announced a board meeting to seek shareholder approval for the appointment of Mr. Sambit Roy as Managing Director, effective November 25, 2024. The proposal follows positive recommendations from the Nomination and Remuneration Committee, aiming to enhance the company’s leadership. The remuneration package, subject to approval, includes a monthly salary of ₹5.29 crore and performance-based bonuses, emphasizing the company’s commitment to solid management amid its robust financial performance last fiscal year. This strategic move is expected to foster investor confidence, reflecting a positive outlook on future growth and operational improvements.