VST Industries Limited has announced a postal ballot notice seeking shareholder approval for the regularization and appointment of Mr. Piyush Srivastava (DIN: 10775803) as the Managing Director and CEO of the Company. The proposed term for his appointment is five years, commencing from March 2, 2026, to March 1, 2031. The remote e-voting period will commence on March 5, 2026, at 9:00 a.m. IST and conclude on April 3, 2026, at 5:00 p.m. IST. The results of the postal ballot are expected to be declared within two working days of the e-voting period's end, on or before April 5, 2026. Mr. Srivastava, aged 51, brings over 25 years of professional experience in the FMCG and Alco-Beverage sectors, having held senior leadership positions at companies like Pernod Ricard, PepsiCo, and Marico. His proposed remuneration includes a basic salary of ₹13,75,000 per month, with annual increments of up to 15%, other allowances not exceeding 55% of basic salary, and a performance bonus of up to 150% of basic salary annually. Perquisites are capped at ₹10,00,000 per annum, with certain exceptions like housing allowance and contributions to provident and gratuity funds.
