Greaves Cotton Limited — Others, 04-06-2025: Shareholders meeting

Greaves Cotton has announced a board meeting to seek shareholder approval via postal ballot for appointing Mr. Parag Satpute as Managing Director & Group CEO for five years from April 14, 2025. With over 29 years of leadership experience across engineering and global operations, Mr. Satpute’s annual pay package includes a fixed salary of INR 4.73 Cr, a variable bonus of INR 2.28 Cr, stock options of up to 15,84,786 shares, and additional benefits like relocation support and insurance. This move aims to strengthen the company’s leadership for sustained business transformation.