MosChip Seeks Shareholder Approval for Director Appointments and MD Remuneration Revision

Moschip Technologies Limited has issued a notice for a postal ballot to seek shareholder approval for significant corporate actions. The company is proposing the appointment of Mr. Sandeep Himmatlal S...

Moschip Technologies Limited has issued a notice for a postal ballot to seek shareholder approval for significant corporate actions. The company is proposing the appointment of Mr. Sandeep Himmatlal Shah and Dr. Yellamanchali Sreenivas Rao as Independent Directors for a term of five consecutive years, effective from October 24, 2025. Additionally, shareholders will vote on a revision to the terms of remuneration for Mr. Srinivasa Rao Kakumanu, the Managing Director & CEO, effective from January 1, 2026, to March 31, 2027. The remote e-voting period for these resolutions will commence on Monday, December 22, 2025, at 9:00 a.m. IST and conclude on Tuesday, January 20, 2026, at 5:00 p.m. IST. The company has appointed M/s. B S S & Associates as the Scrutinizer to ensure a fair and transparent voting process. Mr. Sandeep Shah brings over 30 years of global experience in semiconductor, cloud, AI/ML, medical, and IoT sectors, including leadership roles at Intel Corporation. Dr. Yellamanchali Sreenivas Rao's profile is also detailed in the explanatory statement. The revised remuneration for the MD & CEO includes a fixed pay of ₹3,06,00,000 per annum and a variable pay of ₹54,00,000 per annum, subject to company milestones, for a period of 15 months.

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Why is Moschip Technologies Limited in the news today?

Moschip Technologies Limited (MOSCHIP) is in the news due to the announcement concerns routine corporate governance matters, including director appointments and remuneration adjustments, which are standard procedures and do not inherently indicate positive or negative performance.

Board MeetingKey Management ChangesOther Corporate Actions
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MosChip Seeks Shareholder Approval for Director Appointments and MD Remuneration Revision

December 18, 2025, 12:20 PM

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Moschip Technologies Limited has issued a notice for a postal ballot to seek shareholder approval for significant corporate actions. The company is proposing the appointment of Mr. Sandeep Himmatlal Shah and Dr. Yellamanchali Sreenivas Rao as Independent Directors for a term of five consecutive years, effective from October 24, 2025. Additionally, shareholders will vote on a revision to the terms of remuneration for Mr. Srinivasa Rao Kakumanu, the Managing Director & CEO, effective from January 1, 2026, to March 31, 2027.

The remote e-voting period for these resolutions will commence on Monday, December 22, 2025, at 9:00 a.m. IST and conclude on Tuesday, January 20, 2026, at 5:00 p.m. IST. The company has appointed M/s. B S S & Associates as the Scrutinizer to ensure a fair and transparent voting process.

Mr. Sandeep Shah brings over 30 years of global experience in semiconductor, cloud, AI/ML, medical, and IoT sectors, including leadership roles at Intel Corporation. Dr. Yellamanchali Sreenivas Rao's profile is also detailed in the explanatory statement. The revised remuneration for the MD & CEO includes a fixed pay of ₹3,06,00,000 per annum and a variable pay of ₹54,00,000 per annum, subject to company milestones, for a period of 15 months.

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