Corporate News
Shareholders approved resolutions at a recent board meeting to increase the monthly remuneration of Chairman & Managing Director Mr. Sadhu Ram Aggarwal and Executive Director & CFO Ms. Divya Aggarwal, both effective October 1, 2026. Aggarwal’s remuneration will rise from Rs 100,000 to Rs 200,000, as will Ms. Aggarwal’s. These increases, which exceed limits outlined in the Companies Act, 2013, are intended to recognize their contributions and may be applied even during periods of financial difficulty. The board also appointed Mr. Nischal Mittal as an Independent Director, who will serve without remuneration and currently holds no shares in the company. Mr. Aggarwal is the father of non-executive director Mr. Udit Aggarwal and father-in-law of Ms. Divya Aggarwal, while Ms. Aggarwal is married to Mr. Udit Aggarwal.