Linc Limited — Others, 27-06-2025: Shareholders meeting

Linc Limited has announced a postal ballot seeking shareholder approval for key governance and managerial changes. The company proposes appointing Dr. (h.c.) Mamta Binani as an Independent Director to strengthen its board with her extensive legal and corporate expertise. It seeks re-appointment of Managing Director Deepak Jalan, Whole Time Directors Aloke Jalan and Rohit Deepak Jalan for three more years with revised monthly salaries ranging from Rs. 8.5 lakh to Rs. 12.5 lakh plus profit-linked commission. An increase in annual remuneration for Ms. Ekta Jalan, Senior Manager and a related party, is also proposed. Additionally, the company requests approval for material related party transactions with Mitsubishi Pencil Co., Ltd., covering purchases up to Rs. 100 crore, which contribute about 15% of revenue and profits. These steps aim to support the company’s sustained growth and governance standards.