Sscrutinizer''s Report on the Postal Ballot-Notice dated November 21, 2025
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Aztec Fluids & Machinery Ltd announced the voting results of its Postal Ballot conducted via remote e-voting from November 28, 2025 to December 27, 2025. Two Special Resolutions were put to shareholders: (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 subsidiary companies under the same ESOP plan. Both resolutions passed with overwhelming majority — 99.91% of votes in favour on each (1,07,79,600 shares from 11 members), with only 10,000 shares (0.09%) from 3 members voting against. No invalid or abstained votes were recorded.
Shareholders have cleared the way for the company to introduce its ESOP 2025 plan, enabling Aztec to grant stock options to employees and subsidiary staff as an incentive and retention tool. This could lead to equity dilution in the future but also signals the company's intent to align employee interests with shareholder value creation.