Forbes Precision Tools and Machine Parts Ltd — Others, 13-05-2025: AGM/EGM

Forbes Precision Tools and Machine Parts Limited has announced a postal ballot seeking shareholder approval to pay a commission of up to 1% per annum of net profits for FY 2024-25 to its Non-Executive Directors, in addition to sitting fees and expense reimbursement. If profits are inadequate, a minimum aggregate commission of ₹1.25 crore may be paid as per regulatory limits. The commission is to recognize the increased responsibilities and time commitments of Non-Executive Directors in governance and strategy. The Board aims to distribute the commission at its discretion, subject to shareholder consent.