Balrampur Chini Mills Limited has informed the Exchange with copy of minutes of Postal Ballot
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Balrampur Chini Mills has filed the minutes of a postal ballot where shareholders approved the 'BCML Restricted Stock Unit Scheme 2025' (RSU 2025) with a 94.11% majority. The e-voting ran from February 15 to March 16, 2025, with results declared on March 17, 2025. Out of 16,10,99,327 total votes cast, 15,16,18,242 were in favour and 94,81,085 were against the resolution. The scheme allows the company to issue up to 25 lakh RSUs to eligible employees (excluding promoters, promoter group, independent directors, and directors holding more than 10% of shares), with each RSU convertible into one equity share of face value ₹1. The Nomination and Remuneration Committee will administer the scheme, and lapsed RSUs can be added back to the pool.
The approval enables Balrampur Chini Mills to create an employee incentive pool of up to 25 lakh equity shares (potential dilution of roughly 2-3% depending on current share base), which could be used to attract and retain talent. Shareholders should note the mild future dilution risk but also the alignment of employee interests with company performance.