Board Meeting Scheduled to Discuss Director Remuneration, 40th AGM Notice and Book Closure for Twentyfirst Century Management Services Ltd
Twentyfirst Century Management Services Limited has scheduled a Board meeting to address several key corporate resolutions, including approving remunerations for its directors, ratifying the notice of its 40th Annual General Meeting (AGM), and confirming book closure dates. The meeting is set to be held on Thursday, July 23, 2026, via Zoom Video Conferencing.Among the critical agenda items slated for discussion is the continuance and revision of director remuneration. The Board is expected to consider approving the continuation of Rs. 60 lacs per annum in remuneration for Shri Sundar Iyer, who serves as a Whole-time Director and Chief Executive Officer, covering a three-year period starting from April 1, 2026.
Furthermore, the meeting will address an increase in the compensation payable to Mr. Karthik Iyer, Managing Director of the company. The proposed increase involves elevating his annual remuneration from Rs. 30 lacs per annum to Rs. 60 lacs per annum for a duration of three years, effective April 1, 2026.
A summary of the key remuneration and appointments being reviewed by the Board is presented below:
| Director | Role | Existing Compensation/Status | Approved Change (if applicable) | Duration / Effective Date |
|---|---|---|---|---|
| Shri Sundar Iyer | Whole-time Director & CEO | Remuneration continuance required | Rs. 60 lacs per annum | Three years from April 1, 2026 |
| Mr. Karthik Iyer | Managing Director | Remuneration increase proposed | From Rs. 30 lacs to Rs. 60 lacs per annum | Three years from April 1, 2026 |
AGM and Book Closure Details
The Board meeting is also tasked with approving the formal notice of the company's 40th Annual General Meeting. This AGM is scheduled for September 3, 2026, during which the company’s Annual Report for the financial year 2025-26 will be presented.Key operational dates and appointments approved by the meeting include:
- Book Closure: The Board will approve the Book Closure of the Register of Members, scheduled to run from August 28, 2026, to September 3, 2026, inclusive.
- E-Voting Scrutinizer: Ms. Swetha Subramanian, a Senior Partner at Mis. Lakshmi Subramanian, Practicing Company Secretaries in Chennai, is scheduled for approval as the Scrutinizer for E-Voting purposes for the upcoming 40th AGM on September 3, 2026.
The agenda also includes provision to discuss any other matter with the approval of the Chairman.
21STCENMGM Stock Price Movement
Shares of 21st Century Management Services Limited are edging higher to ₹31.95 as of 12:28 PM today, climbing 1.98% with shares trading up by ₹0.62. The stock remains volatile in the market, having traded between a low of ₹31.02 and an intraday high of ₹31.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.