Cosco (India) Limited announced the reappointment of four key Whole Time Directors: Mr. Arun Jain, Mr. Manish Jain, Mr. Pankaj Jain, and Mr. Neeraj Jain. These reappointments, effective from October 1, 2026, are for a period of three years. The company also detailed proposed remuneration packages, including salary increments and perquisites, subject to shareholder approval. This ensures continuity in leadership and strategic direction.
Director Reappointments and Remuneration
Cosco (India) Limited has announced the reappointment of several Whole Time Directors, signaling a commitment to leadership continuity. The proposed reappointments are for Mr. Arun Jain (DIN: 01054316), Mr. Manish Jain (DIN: 00191593), Mr. Pankaj Jain (DIN: 00190414), and Mr. Neeraj Jain (DIN: 00190592). These appointments are set to take effect from October 1, 2026, and will extend for a period of three years, concluding on September 30, 2029.
Proposed Remuneration Details
The proposed remuneration packages for these directors have been detailed, including specified salaries and various perquisites. For instance, the proposed salary for the current year ending March 31, 2027, is ` 4,40,000 per month, with increments planned for subsequent years. The remuneration structure also includes house rent allowance, contribution to pension schemes, and other allowances, alongside various perquisites such as medical expenses, travel concessions, and company-provided vehicles. These proposals are subject to shareholder approval through Special Resolutions during the upcoming Annual General Meeting.
Leadership Continuity
The company emphasized that the directors are not disqualified from holding office and satisfy the necessary conditions for reappointment as per the Companies Act, 2013. The Board of Directors has considered and recommended these reappointments, aligning with the Nomination and Remuneration Committee’s approvals, to ensure the company’s continued strategic direction and operational efficiency under experienced leadership.
AGM Details
The Forty-Seventh Annual General Meeting will be held on Wednesday, September 30, 2026, at 12:00 Noon, conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Shareholders are requested to refer to the notice for detailed information regarding these agenda items.
Source: BSE
