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Star Health Postal Ballot Seeks Shareholder Approval for Director Remuneration

Star Health and Allied Insurance Company logoStar Health and Allied Insurance Company
Sig1.85Sen+0.65Env0.00Soc0.00Gov+1.70

Star Health and Allied Insurance has launched a postal ballot seeking shareholder and member approval for resolutions including reclassification of promoter group entities and revised remuneration for directors and key managerial personnel. The notice details proposed pay structures with fixed and variable components for the MD & CEO and two whole-time directors, including figures such as 13,18,26,254, 6,65,23,016 and 7,42,79,666, and one director’s remuneration at Rs. 30,00,000 per annum.

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