Saven Technologies Ltd. Approves Performance Incentive and Remuneration
Saven Technologies Ltd. announced on March 24, 2026, that its Board of Directors approved a performance incentive of Rs. 20,00,000 for Managing Director & CEO Mr. Murty Gudipati for the financial year 2025-26. The decision was based on a recommendation from the Nomination and Remuneration Committee.The Board also acknowledged the results of a postal ballot where shareholders approved the remuneration for Non-Executive, Non-Independent Director and Chairman Mr. Rajagopal Ravi (DIN: 06755889).
The Board meeting commenced at 9:30 A.M. and concluded at 10:04 A.M.
Additionally, the Board of Independent Directors held a meeting on March 24, 2026, to review the performance of non-independent directors, the Board as a whole, and the chairperson, considering the views of executive and non-executive directors. The meeting also assessed the flow of information between management and the Board.
Table: Resolution No. 1 - Approval of Remuneration to Mr. Rajagopal Ravi
| Voted in favour of the resolution | % of total number of valid votes cast | |
|---|---|---|
| Remote E-Voting | 46,33,119 | 99.9876 |
| Postal Balloi | ||
| TOTAL |
| Voted against the resolution | % of total number of valid votes cast | |
|---|---|---|
| Remote E-Voting | 575 | 0.0124 |
| Postal Ballot | ||
| TOTAL |
Source:
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.