Eros shareholders give go-ahead to resolutions

Eros shareholders give go-ahead to resolutions

Execuive reappointment, compensation waiver and company name change approved

Eros

MUMBAI — Eros International Media Ltd has secured shareholder approval for all resolutions presented at its recent e-voting session, the company announced on 2 March in a regulatory filing with the BSE. 

Shareholders passed an ordinary resolution to reappoint Pradeep Dwivedi to the board. Pradeep who retired by rotation as per statutory requirements, was eligible for reappointment and will continue in his role.

A special resolution was also approved granting a waiver for excess remuneration paid or payable to Sunil Lulla, executive vice chairman & managing director, for the 2023-2024 financial year. This resolution was required to regularise compensation that exceeded standard limits under company guidelines.

Additionally, shareholders passed a special resolution approving the company's name change from Eros International Media Limited to Eros Media International Limited. The rebranding represents a minor adjustment to the company's official title while maintaining its core brand identity.

The shareholders also gave the go-ahead to the financials declared by the company for the year ended 31 March 2024. 

All resolutions received the requisite majority vote, demonstrating shareholder confidence in the company's governance decisions. The name change is expected to be implemented following completion of necessary regulatory procedures.