MosChip Technologies’ Board approved a postal ballot process to confirm two new independent directors, revise CEO remuneration, and grant over 1.24 lakh ESOPs to employees. It also appointed BSS & Associates as Scrutinizer, reflecting the company’s ongoing focus on governance, leadership, and employee empowerment.
MosChip Technologies Limited has announced key corporate developments following its Board meeting held on Wednesday, December 17, 2025, via video conference. The Board’s agenda revolved around strengthening corporate governance, rewarding talent, and facilitating shareholder participation through a postal ballot.
The company’s Board has approved the initiation of a Postal Ballot process scheduled from December 22, 2025, to January 20, 2026, to seek shareholders’ approval on critical resolutions, including new independent director appointments and revision of top management remuneration.
These decisions underline MosChip’s continued focus on robust leadership and corporate transparency as it gears up for its next phase of growth in the semiconductor and IoT engineering space.
Notable Updates
-
Leadership Expansion:
Appointment of *Mr. Sandeep Himmatlal Shah (DIN: 11273722)* and *Dr. Yellamanchali Sreenivas Rao (DIN: 11219939)* as Independent Directors for a term of *five years, effective **October 24, 2025*.
-
Executive Compensation:
Revision in remuneration terms for *Mr. Srinivasa Rao Kakumanu, *Managing Director & CEO, aligning with performance and strategic goals.
-
Corporate Governance:
Appointment of *M/s B S S & Associates, *Practicing Company Secretaries, as the Scrutinizer to oversee the Postal Ballot and remote e-voting process to ensure fairness and transparency.
-
Employee Engagement:
The Nomination and Remuneration Committee granted *1,24,384 stock options* to eligible employees under existing ESOP schemes, promoting ownership and long-term value creation.
These measures collectively indicate MosChip’s intent to build sustainable value through leadership enhancement, talent motivation, and shareholder participation.
Source: NSE & BSE Corporate Announcements – MosChip Technologies Limited