Digitide Solutions Limited has informed the Exchange regarding Notice of Postal Ballot
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Digitide Solutions Limited has issued a Postal Ballot Notice seeking shareholder approval through 4 special resolutions for a new Employee Stock Option Scheme called 'ESOS 2026.' The scheme proposes to grant up to 49,65,568 stock options, each convertible into one equity share of Rs. 10 face value, to eligible employees of the company and its subsidiaries (including future subsidiaries). Shares will be sourced through primary issuance and/or secondary acquisition via a newly established irrevocable employee welfare trust named 'Digitide ESOP Trust.' Additionally, the company seeks approval to provide a loan of up to 5% of paid-up capital and free reserves to the trust for purchasing its own shares. The minimum vesting period is 1 year and maximum is 4 years. Remote e-voting is open from March 13, 2026 to April 11, 2026, with the cut-off date set as March 6, 2026.
If approved, the ESOP scheme could result in equity dilution of up to 49.65 lakh shares and a potential cash outflow of up to 5% of paid-up capital and free reserves for the trust, but it aims to attract and retain talent by aligning employee interests with long-term shareholder value creation.