Amagi Media Labs Limited has informed the Exchange regarding Notice of Postal Ballot
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Amagi Media Labs has issued a Postal Ballot Notice to shareholders seeking approval for four items via remote e-voting from March 5, 2026 to April 3, 2026 (cut-off date: February 27, 2026). Item 1 proposes amending the Articles of Association to grant the top 2 financial investors (Accel, Avataar, Norwest, PI Opportunities Funds, and General Atlantic) the right to each nominate 1 non-executive director, as long as they hold at least 6% shareholding. Item 2 seeks ratification of the Amagi Employee Stock Option Plan 2025, allowing up to 2,30,13,130 stock options convertible into an equal number of equity shares of ₹5 face value for eligible employees. Item 3 extends the same ESOP 2025 pool of 2,30,13,130 options to employees of subsidiary companies. Item 4 seeks approval to contribute up to ₹2.75 crore in aggregate (with an annual cap of ₹1 crore) towards charitable purposes up to FY 2028-29.
If approved, the resolutions will formalize board nomination rights for major PE/VC investors, ratify a large employee stock option pool that could lead to future equity dilution, and authorize recurring charitable spending. Shareholders should review the director nomination rights and potential dilution from the ESOP before voting.