Digicontent Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Digicontent Limited has announced the results of a Postal Ballot conducted through e-voting from April 4 to May 5, 2025. The special resolution to approve granting Restricted Stock Units (RSUs) exceeding 1% of issued capital to identified employees under the 'Digicontent Limited - Restricted Stock Unit Plan 2025' was passed with strong majority. Out of 4.18 crore shares polled (71.89% of total outstanding), 95.33% voted in favour while only 4.67% voted against. The promoter group (holding 3.89 crore shares) voted 100% in favour. However, public institutional investors showed notable dissent, with 66.06% voting against the resolution.
Shareholders have cleared the way for the company to grant RSUs to key employees, which could lead to some future equity dilution. While the overall approval was strong, the significant opposition from public institutional investors (66% against) may signal some concerns about the size or structure of the employee stock incentive plan.