CEAT Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
CEATLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CEAT Limited has submitted the voting results of its Postal Ballot concluded on May 11, 2025, with all four special resolutions passed by shareholders. Resolution 1, the appointment of Dr. Santrupt Misra as a Non-Executive Independent Director, received overwhelming support with 99.39% of votes in favor (2.93 crore shares) and just 0.61% against. The remaining three resolutions, all related to the 'CEAT - Employees Stock Option Scheme 2025' (approval of the scheme, secondary acquisition via Trust route, and provision of funds to the Trust), each received around 92.75% support, with roughly 7.25% dissenting votes. Promoters voted 100% in favor of all resolutions, while institutional investors showed mixed support — 98.28% for the director appointment but only 79.51% for the ESOP-related resolutions.
Shareholders have cleared the new ESOP 2025 scheme, which may lead to fresh stock-based compensation to employees and a possible future share dilution when options are exercised. The addition of a new independent director strengthens the board, while the ~7% institutional dissent on ESOP resolutions is worth tracking for any future governance concerns.