Pursuant to Regulation 30 of SEBI (LODR)Regulations, 2015 we are enclosing the Postal Ballot Notice dated November 21, 2025 to seek the approval of the Members of the Company.
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Aztec Fluids & Machinery Ltd has issued a Postal Ballot Notice dated November 21, 2025 seeking shareholder approval for two special resolutions: (1) to introduce and implement the 'Aztec Fluids & Machinery Limited Employee Stock Option Plan 2025' (ESOP 2025), and (2) to extend the grant of ESOPs to eligible employees of subsidiary companies under the same plan. The plan proposes a ceiling of up to 3,00,000 stock options, each convertible into one equity share of Rs. 10 face value, with a minimum vesting period of 1 year and a maximum of 3 years. The exercise price will be set by the Nomination and Remuneration Committee and cannot exceed the market price on the grant date or be lower than face value. Voting is open only via remote e-voting (Bigshare Services) from November 28, 2025 to December 27, 2025, with results expected by December 30, 2025.
If approved, the ESOP 2025 could result in dilution of up to 3,00,000 equity shares (currently a small-cap, so dilution impact is worth monitoring). For shareholders, this is a routine employee incentivization move that aligns staff interests with shareholders, though it caps individual grants at 50,000 options per employee.