Forcas Studio Limited Revises Remuneration of Key Executives Following Board Approval
The Board of Directors of Forcas Studio Limited has approved revisions to the remuneration packages for two key executives following recommendations from the Nomination and Remuneration Committee. The changes were formalized during a board meeting held on June 23, 2026.The revised compensation structure covers both Mr. Sailesh Agarwal, Managing Director, and Mr. Sourav Agarwal, Whole-time Director and CFO. Both revisions are subject to the subsequent approval of shareholders at an ensuing General Meeting.
Mr. Sailesh Agarwal, who holds the position of Managing Director, will see his remuneration revised to ₹8.00 lakhs per month. Previously, his salary was at a rate of ₹5.00 lakhs per month. All other terms and conditions pertaining to his appointment remain unchanged.
Similarly, Mr. Sourav Agarwal, in his capacity as Whole-time Director and CFO, will have his remuneration revised to ₹3.00 lakhs per month. His previous monthly compensation stood at ₹1.5 lakhs. The effective date for both revisions is April 1, 2026.
The detailed changes regarding the executive remuneration are summarized below:
| Particulars | Mr. Sailesh Agarwal (Managing Director) | Mr. Sourav Agarwal (Director & CFO) |
|---|---|---|
| Existing Remuneration | ₹5.00 lakhs per month | ₹1.5 lakhs per month |
| Revised Remuneration | ₹8.00 lakhs per month | ₹3.00 lakhs per month |
| Effective Date of Revision | April 1, 2026 | April 1, 2026 |
| Status | Subject to shareholder approval | Subject to shareholder approval |
The remuneration packages include salary, perquisites, allowances, and other benefits, which must be approved by the Board and shareholders within the limits set by the Companies Act, 2013.
FORCAS Stock Price Movement
Shares of Forcas Studio Limited slipped today by 1.63% to settle at ₹92.45 after the market closed. The equity shed value amid trading of 35,200 shares as it plunged dramatically to hit a 52-week low.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.
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