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Susan Electricals India Limited to seek shareholder approval for ESOP plan and director appointment
07-Aug-2026, 06:36
Susan Electricals India Limited will seek shareholder approval on August 7, 2026, in New Delhi for two key resolutions. The first is to approve a Share-Based Employee Benefits (ESOP) plan, the SEIL ESOP, 2026, designed to attract and retain employees, though details of the plan’s structure are not included in this excerpt. The second resolution concerns the appointment of Mr. Charan Singh as an Additional Director; he brings over 37 years of experience in the banking and financial sector, including roles at UCO Bank, Bank of India, and the National Company Law Tribunal. Mr. Singh currently holds directorships at Century Extrusions Ltd and ASAR IMF & Financial Services Private Limited and will receive no remuneration beyond standard sitting fees. Both resolutions require shareholder approval as Special Resolutions.
Susan Electricals India Limited will seek shareholder approval on August 7, 2026, in New Delhi for two key resolutions. The first is to approve a Share-Based Employee Benefits (ESOP) plan, the SEIL ESOP, 2026, designed to attract and retain employees, though details of the plan’s structure are not included in this excerpt. The second resolution concerns the appointment of Mr. Charan Singh as an Additional Director; he brings over 37 years of experience in the banking and financial sector, including roles at UCO Bank, Bank of India, and the National Company Law Tribunal. Mr. Singh currently holds directorships at Century Extrusions Ltd and ASAR IMF & Financial Services Private Limited and will receive no remuneration beyond standard sitting fees. Both resolutions require shareholder approval as Special Resolutions.