Shareholders approve revision in MD remuneration and continuation of Non-Executive Director at 36th AGM

Shareholders approved revision in remuneration payable to Shri Aravind Kumar Madala, Managing Director, and continuation of Shri Subbiah Srinivasan Battina as Non-Executive Director after he attained 75 years.

Thu 1 Oct 2026

AGM

36th AGM held on 30th September, 2026

Meeting Timings

commenced at 10:00 A.M. IST and concluded at 10:44 A.M. IST

Managing Director DIN

06994824

Non-Executive Director DIN

00482513

Directors' Shareholding

Nil

Outcome of the 36th Annual General Meeting

Madala Holdings Limited has disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that shareholders at its 36th Annual General Meeting held on Wednesday, 30th September, 2026 have approved two matters. The meeting commenced at 10:00 A.M. IST and concluded at 10:44 A.M. IST, and the statements below are drawn from the details enclosed with that disclosure.

What was approved

• Revision in remuneration payable to Shri Aravind Kumar Madala (DIN: 06994824), Managing Director of the Company.
• Continuation of Shri Subbiah Srinivasan Battina (DIN: 00482513) as a Non-Executive Director of the Company, who has attained the age of 75 years.

The update states that the requisite approval of the shareholders was obtained at the said Annual General Meeting. The information is also available on the Company's website.

Managing Director - revision in remuneration

• The reason recorded for the change is a revision in remuneration, and the disclosure relates to an existing Managing Director.
• The date of appointment / re-appointment / cessation shown is 01.03.2026.
• His shareholding in the Company is Nil.
• He holds a directorship in Covance Softsol Limited as a Non-Executive Director.
• The update states he is not debarred from holding the office of Director by virtue of any order of SEBI or any other statutory authority.

Non-Executive Director - continuation

• The reason recorded is continuation / re-appointment as Non-Executive Director upon retirement by rotation, and approval for continuation as a Non-Executive Director after attaining the age of 75 years.
• The date of appointment / re-appointment / cessation shown is 30.09.2026.
• He is a practising Chartered Accountant under the name and style of M/s. Srinivasan & Co., with experience in providing professional services as statutory and internal auditor to small, medium and large companies, partnership firms, proprietary firms, NGOs and educational institutions, and he advises on financial and taxation matters and is associated with charitable institutions as an adviser and trustee.
• He is an Independent Non-Executive Director in Covance Softsol Limited, where he is Chairman of the Audit Committee and a Member of the Nomination and Remuneration Committee, the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee.
• His shareholding in the Company is Nil.
• The update states he is not debarred from holding the office of Director by virtue of any order of SEBI or any other statutory authority.

How to read this

• Both items are approvals given by shareholders, not new appointments to the board; one is a revision in the pay of the existing Managing Director and the other is the continuation of an existing Non-Executive Director.
• A revision in remuneration changes the amount the Company pays its Managing Director, and a shareholder vote is taken on it.
• The continuation was put to shareholders because the Non-Executive Director has attained the age of 75 years.
• Both directors hold Nil shares in the Company, and neither holds any shares under pledge or any other encumbrance, as their holding is Nil.

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