JK Lakshmi Cement (JKLAKSHMI) — Board Meeting

📢 Key Event
Company submitted clarification to SES regarding proxy advisory report errors on remuneration figures and shareholder approval for re-appointment.

🔄 What Changed
Corrected remuneration ratio (4.19 vs 4.52), corrected Bhaswati Mukherjee's pay (12 Lakh vs #8 Lakh), confirmed no discrepancy in past remuneration, and clarified shareholder approval for re-appointment beyond age 70 was obtained in 2021.

💡 Investor Takeaway
Shareholders should vote FOR Item 5 as remuneration is fully compliant, approved, and not promoter-skewed.

JK Lakshmi Cement clarified proxy advisory errors on remuneration figures for Vinita Singhania and Bhaswati Mukherjee, corrected voting recommendation inaccuracies regarding shareholder approval for re-appointment beyond age 70, and emphasized compliance with Section 196 of the Companies Act. The company stressed remuneration is within legal limits, approved by shareholders, and not skewed toward promoters, urging SES to change its 'AGAINST' vote to 'FOR' on Item 5.

📄 View Original Announcement (PDF)

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About JK Lakshmi Cement Limited (JKLAKSHMI)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹8,115.32 Cr P/E: 28.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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