Update on V-Guard Industries Ltd By Yes Securities Ltd
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A. Cessations from board since March 2022:
ED: Executive Director, ID: Independent Director, NED: Non-executive Non-independent director
* Independent directors with a tenure in excess of 10 years are considered as non-independent non-executive directors
1 B Jayaraj has been on the board of Veegaland Limited, a group company, since 2010. Hence his group tenure has been considered.
B. Remuneration
Source: Annual Report
* Ramachandran V was granted 1.3 mn stock options and 0.3 mn RSUs in FY21. We have calculated the weighted average fair value of the options and RSUs granted and spread it across four years.
* Antony Sebastian has been appointed as Whole-time Director from 30 May 2023
Industry Peer Metrics (in Rs. mn for FY21)
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SEBI Registration number is INZ000185632
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