Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and on the recommendation ....
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The Board of Directors of Aztec Fluids & Machinery Ltd, at its meeting on 21st November 2025, approved a new Employee Stock Option Plan named 'ESOP 2025'. A pool of 3,00,000 (three lakh) stock options has been earmarked, with each option convertible into one equity share of face value Rs. 10. No options have been granted yet, as the plan is subject to shareholder approval via postal ballot. The exercise price will be decided by the Nomination and Remuneration Committee at the time of each grant and cannot be lower than the face value. The scheme is framed under Section 62(1)(b) of the Companies Act, 2013 and complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
Shareholders will be asked to approve the ESOP plan through a postal ballot. If approved, it could lead to a potential dilution of up to 3 lakh shares (roughly the full reserved pool), giving the company a tool to attract and retain talent by aligning employee interests with shareholder value.