Elin Electronics convened its 43rd Annual General Meeting (AGM) on August 30, 2025, where the board approved the re-appointment and remuneration of key executives, including Mr. Sumit Sethia, Mr. Kamal Sethia, and Mr. Sanjeev Sethia. The meeting, held via video conferencing, also addressed the company's financial performance and future strategies.
Key resolutions included the re-appointment of Mr. Sumit Sethia, Mr. Kamal Sethia, and Mr. Sanjeev Sethia as Whole-time Directors, each with a monthly salary of ₹7,00,000 along with additional perquisites. The board also appointed M/s. P.P. Agarwal & Co. as Secretarial Auditors for a five-year term and ratified the remuneration of M/s Bhavna Jaiswal & Associates as Cost Auditors for the financial year ending March 31, 2026, amounting to ₹75,000 plus expenses and service tax.
The meeting commenced at 10:30 A.M. (IST) and concluded at 11:03 A.M. (IST). Mr. Kamal Sethia chaired the meeting, with active participation from directors, company officials, and auditors.
| Resolution | Type | Votes in Favour | Votes Against |
|---|---|---|---|
| Approve Audited Standalone and Consolidated Financial Statements | Ordinary Resolution | 100% | 0.00% |
| Re-appoint Mr. Sanjeev Sethia as Director | Ordinary Resolution | 99.99% | 0.01% |
| Re-appoint Mr. Sumit Sethia as Director | Ordinary Resolution | 97.85% | 2.15% |
| Appoint Secretarial Auditor | Ordinary Resolution | 100% | 0.00% |
| Re-appoint and Remunerate Mr. Sumit Sethia | Special Resolution | 97.85% | 2.15% |
| Re-appoint and Remunerate Mr. Kamal Sethia | Special Resolution | 99.98% | 0.02% |
| Re-appoint and Remunerate Mr. Sanjeev Sethia | Special Resolution | 99.99% | 0.01% |
| Rectify Remuneration of Cost Auditors | Ordinary Resolution | 100% | 0.00% |
The board re-appointed Mr. Sumit Sethia as a Whole-time Director for a period of 5 years effective from June 03, 2025, to June 02, 2030. His remuneration includes a salary of ₹7,00,000 per month and various perquisites such as furnished accommodation, medical insurance, company car, and contributions towards provident fund and gratuity.
Mr. Kamal Sethia was re-appointed as Managing Director for a 5-year term from April 1, 2026, to March 31, 2031, with similar remuneration terms, including a monthly salary of ₹7,00,000 and perquisites. The board also approved the continuation of Mr. Kamal Sethia as Managing Director, even as he will attain the age of 70 years in the year 2027-2028.
Mr. Sanjeev Sethia was also re-appointed as a Whole-time Director for a 5-year period from April 1, 2026, to March 31, 2031, with a monthly salary of ₹7,00,000 and additional benefits.
The results of the e-voting were declared on August 30, 2025, based on the Scrutinizer's report of the same date.
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