Hindustan Unilever Ltd (HUL) has proposed increasing the annual aggregate remuneration limit for its non-executive directors to ₹15 crore or 1 per cent of the company's net profit, whichever is lower, for a five-year period starting April 1, 2026, according to the company's stock exchange filing. The proposal represents a significant increase from the existing annual limit of ₹4 crore and will be placed before shareholders for approval through a postal ballot process.
The current remuneration ceiling was revised from ₹3 crore to ₹4 crore at the company's 91st annual general meeting in June 2024, as reported by the company. The proposed revised limit will remain in effect until March 31, 2031, with the remuneration calculated in accordance with Section 198 of the Companies Act, 2013.
Shareholders whose names appear in the company's register of members or list of beneficial owners as of November 6, 2026, will be eligible to vote on the resolution, according to the company's filing. The company's board has appointed company secretary S N Ananthasubramanian as the scrutiniser for the postal ballot process, ensuring proper governance procedures are followed throughout the voting process.
