Acme Solar Holdings Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ACMESOLAR · price
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Acme Solar Holdings Limited conducted a postal ballot via remote e-voting (from May 14, 2026 to June 12, 2026) on two special resolutions, both of which were passed with the requisite majority. The first resolution, approving amendments to the ACME Employee Stock Option Plan 2024, received 98.51% votes in favour, with 54.76 crore shares backing it. The second resolution, allowing the grant of stock options to employees of subsidiary and/or holding companies under the same ESOP 2024, was approved with 94.66% votes in favour (52.62 crore shares). Promoters voted 100% in favour of both resolutions. Notably, public institutions showed meaningful dissent on Resolution 2, with 58.21% of their polled votes going against it, while retail shareholders remained broadly supportive on both counts.
Both resolutions are now deemed passed, giving the company flexibility to amend its ESOP scheme and extend stock options to employees of group entities. While the approvals are largely administrative, the significant institutional opposition (58%) on Resolution 2 may signal concerns from large investors about ESOP dilution extending beyond direct employees — worth monitoring for any future dilution impact.