Gravita India Limited — Others, 22-11-2024: Shareholders meeting

Gravita India Ltd. has announced the results of a postal ballot where shareholders approved several key resolutions. Notably, the revision of the Managing Director's remuneration to ₹22.00 lakh per month and the Whole-Time Director & CEO's remuneration to ₹3.20 lakh per month, effective April 1, 2024. Additionally, the company secured approval to raise up to ₹1,000 crores through private placements and other methods. Furthermore, Mr. Sunil Kansal was appointed as Whole-Time Director for three years. This positive outcome may strengthen investor confidence, reflecting the board’s commitment to strategic growth and management incentivization.