Crizac Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results of Postal Ballot along with Scrutinizer s Report- Regulation 44 (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations').
CRIZAC · price
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Crizac Limited conducted a postal ballot via remote e-voting from February 21, 2026 to March 22, 2026, in which shareholders voted on two special resolutions. The first resolution approved and ratified the Amended and Restated Crizac Employee Stock Option Plan 2026 (CRIZAC-ESOP 2026), passing with 98.15% votes in favour (14,17,28,332 votes) versus 1.85% against (26,77,584 votes). The second resolution approved the grant of stock options to employees of subsidiary and associate companies (in India and abroad) under the same ESOP 2026 plan, also passing with 98.15% support. The promoter group, holding 13,98,80,460 shares (about 80% of total share capital), voted 100% in favour of both resolutions. Of the 61,217 shareholders on record, 82.53% of total share capital participated in the voting, and the Scrutinizer (Shalini Jain) confirmed both resolutions were passed with the requisite majority.
Shareholders have strongly endorsed the company's revised employee stock option plan, enabling Crizac to issue stock options to its employees and those of subsidiaries. While this may lead to some share dilution over time, the overwhelming ~98% approval margin reflects strong confidence in management's incentive structure. Investors should watch for future ESOP grants and potential dilution impacts.