Bella Casa seeks approval for executive pay raises

Bella Casa Fashion & Retail has announced a postal ballot seeking shareholder approval to increase the remuneration of its Managing Director, Mr. Pawan Kumar Gupta, and three Whole-Time Directors: Mr. Harish Kumar Gupta, Mr. Saurav Gupta, and Mr. Gaurav Gupta. If approved, the remuneration for each executive would increase to INR 4,00,000 per month, effective May 8, 2025, until the end of their current term on July 30, 2025. The e-voting facility for the postal ballot will be available from July 6, 2025, to August 5, 2025. The results will be declared on or before August 7, 2025. The company has provided detailed justifications for the proposed increases, citing industry standards, executive performance, and company contributions. The proposed increase is seen as aligning industry standards with the responsibilities of each role.