C.E. Info Systems Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
MAPMYINDIA · price
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C.E. Info Systems (MapMyIndia) announced the results of its postal ballot concluded on January 3, 2026, with 463 shareholders participating out of 1,51,223 total. Three resolutions relating to the Employee Stock Option Plan 2008 were put to vote and all passed with the required majority. Resolution 1 (modification of ESOP 2008, Special Resolution) passed with 99.76% votes in favour. Resolution 2 (grant of stock options to subsidiary/associate company employees, Ordinary Resolution) passed with 95.10% in favour. Resolution 3 (ratification of ESOP 2008, Ordinary Resolution) also passed with 95.10% in favour. Promoters voted 100% in favour of all three resolutions, while public institutional investors showed notable dissent of around 30% on Resolutions 2 and 3.
The approval allows the company to modify its existing ESOP and extend stock options to employees of subsidiaries/associate companies, which could lead to some future equity dilution. The meaningful institutional dissent on expanding ESOPs to subsidiary employees may reflect concerns about potential dilution, though overall shareholder support was strong.