Computer Age Management Services (CAMS) has proposed revising director remuneration, including for its Non-Independent Chairman and Independent Directors. The revised pay structure, benchmarked against industry standards, is subject to shareholder approval at the upcoming AGM.
Computer Age Management Services Proposes Director Remuneration Revision
Computer Age Management Services Ltd. (CAMS) has announced an addendum to its 38th Annual General Meeting (AGM) notice, proposing revisions to the remuneration for its Non-Independent Chairman and Independent Directors. The AGM is scheduled for July 7, 2026.
Reader Takeaway: Company seeks to align director pay with industry norms; total remuneration capped at 1% of net profit.
What just happened
CAMS has proposed an increase in the annual commission-based remuneration for key board members. This includes a proposed ₹0.4 crore (₹40 lakh) for the Non-Independent Chairman, Mr. Dinesh Kumar Mehrotra, and ₹0.36 crore (₹36 lakh) each for Independent Directors Mrs. Vijayalakshmi Rajaram Iyer, Mr. N V Sivakumar, Mr. Pravin Rao, and Mr. S K Mohanty.
Why this matters
This move aims to bring director compensation in line with current industry benchmarks and market standards, following a study. The proposed revisions are intended to reflect the expertise and increased involvement of these directors in board activities. Shareholder approval is required for this proposal.
The backstory
The company highlighted that the current remuneration for these directors was last fixed three years ago. A comprehensive benchmark study was conducted to ensure the compensation structure is competitive and aligned with prevailing industry practices.
What changes now
If approved by shareholders, the new remuneration structure will be valid for up to five years. The overall remuneration for directors will continue to be capped at 1% of the company's net profits per annum, as per regulatory requirements under the Companies Act, 2013.
Risks to watch
Any potential shareholder dissent or regulatory scrutiny over the proposed increase could impact the implementation of the new remuneration structure.
Peer comparison
While specific peer remuneration data is not provided in the filing, CAMS states the proposal follows a benchmark study to align with industry practices.
Context metrics (time-bound)
The proposed remuneration structure is intended for a validity of up to 5 years, with the current remuneration having been fixed three years ago.
What to track next
Investors should track the outcome of the shareholder vote at the 38th AGM on July 7, 2026, to see if the proposed director remuneration changes are approved.