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NOIDATOLL Shareholders Approve CEO Dheeraj Kumar's Remuneration via Postal Ballot
Noida Toll Bridge Company Limited (NOIDATOLL) has successfully passed an ordinary resolution regarding the remuneration of Mr. Dheeraj Kumar, the Whole Time Director and CEO. While the resolution passed with an overall majority of 87.61%, there was significant dissent from public non-institutional shareholders, where 93.99% of the votes cast in that category were against the proposal. The resolution was carried primarily by the promoter group, which voted 100% in favor with 49,095,007 shares.
Key Highlights
Resolution for CEO Dheeraj Kumar's remuneration passed with 87.61% of total votes in favor.
Promoter group provided 100% support with 49,095,007 votes in favor.
Significant retail dissent noted, with 7,003,814 public non-institutional votes (93.99% of that category's turnout) cast against the resolution.
Overall voter turnout was 30.37% of the total 186,195,002 shares on record.
The resolution is deemed passed as of January 17, 2026, following the conclusion of the e-voting period.
💼 Action for Investors
Investors should monitor the high level of retail shareholder dissent regarding executive compensation, which may indicate governance concerns. However, as the resolution passed, management continuity remains intact.