Results of Postal Ballot-Notice dated November 21, 2025
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Aztec Fluids & Machinery Ltd completed a postal ballot process via remote e-voting from November 28 to December 27, 2025. Two special resolutions were put to shareholders' vote: (1) approval of the 'Aztec Fluids & Machinery Limited Employee Stock Option Plan 2025' (ESOP 2025), and (2) approval to grant stock options to eligible employees of the company's subsidiary(ies) under the same plan. Both resolutions passed with overwhelming majority, securing 99.91% votes in favour (1,07,79,600 shares) versus just 0.09% against (10,000 shares). A total of 14 members participated in voting, with 11 supporting and 3 opposing. The scrutinizer, Ravi Kapoor of M/s. Ravi Kapoor & Associates, confirmed the resolutions were passed with the requisite majority.
Shareholders have greenlit the ESOP 2025, which will allow the company to grant stock options to employees as an incentive tool. This may lead to equity dilution in the future when options are exercised, but it can help attract and retain talent while aligning employee interests with shareholder value creation.