Net Avenue Technologies Announces AGM Schedule and Director Remuneration Recommendations
Net Avenue Technologies Limited has updated stakeholders regarding its forthcoming Annual General Meeting and made recommendations concerning the remuneration of key directors, following a recent Board meeting.The company announced that the Annual General Meeting (AGM) for the financial year ended March 31, 2026, is scheduled to take place on September 5, 2026. The meeting will be held through Video Conferencing or other audio-visual means. Furthermore, the remote e-voting period has been set to commence on September 1, 2026, at 9:00 A.M., and it is due to end on September 4, 2026, at 5:00 P.M.
Remuneration Recommendations for Directors
The Board of Directors has recommended the remuneration structure for Mr. Rajesh Nahar, Chairman cum Managing Director, and Mr. Ritesh Katariya, Whole Time Director. The recommended remuneration for both directors is up to a maximum limit of Rs. 10 Lakhs per month, which aligns with the existing remuneration limit previously approved by shareholders.The recommendations cover the remaining two-year tenure for both positions. The suggested period runs from September 26, 2026, until September 25, 2028, and is subject to approval by the shareholders during the ensuing Annual General Meeting.
Key details regarding the appointment status and remuneration recommendation:
| Director Name | Designation | Recommended Remuneration (Max) | Tenure Covered | Condition |
|---|---|---|---|---|
| Rajesh Nahar | Chairman cum Managing Director | Rs. 10 Lakhs per month | September 26, 2026 to September 25, 2028 | Subject to shareholder approval at AGM |
| Ritesh Katariya | Whole Time Director | Rs. 10 Lakhs per month | September 26, 2026 to September 25, 2028 | Subject to shareholder approval at AGM |
Net Avenue Technologies Limited confirmed that there is no change in the tenure of the directors' appointments, with the remuneration being recommended for their remaining service period.
CBAZAAR Stock Price Movement
Net Avenue Technologies Limited shares settled today at ₹5.50, holding steady with no change against its previous close. The stock traded within a defined daily price band ranging from ₹5.25 to ₹5.75.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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