Diffusion Engineers Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
DIFFNKG · price
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Diffusion Engineers Limited has announced the results of its postal ballot (e-voting held from May 31 to June 29, 2025) in which shareholders approved all four special resolutions related to the 'Diffusion Engineers Limited – Employee Stock Option Scheme 2025 (ESOP 2025)' with over 99.96% votes in favour. The four resolutions cover: (1) approval of the ESOP 2025 itself, (2) granting of options to employees of subsidiary companies, (3) secondary acquisition of shares through the Trust route to implement the scheme, and (4) provision of money by the company for the Trust to purchase its own shares. Promoters and institutional investors voted 100% in favour, while public non-institutional shareholders voted around 98.87% in favour. Overall voting turnout was 80.53% of outstanding shares (3.01 crore out of 3.74 crore shares), with very few votes cast against any resolution. The scrutinizer was Amit K. Rajkotiya, Practising Company Secretary, and the report was submitted to the exchanges on July 1, 2025.
The ESOP 2025 is now cleared for implementation, meaning the company can grant stock options to employees and fund share purchases through a Trust — this may lead to mild share dilution over time and involves the company using its own cash to buy back shares for employee incentives. Short-term impact on share price is likely limited given the overwhelming shareholder support.