E-voting Results and Scrutinizer''s Report on Postal Ballot
Awaiting price reaction for this filing.
HDFC Asset Management Company sought shareholder approval through a postal ballot for two special resolutions related to its Employees Stock Options and Performance-linked Stock Units Scheme 2025. Resolution 1, covering ESOPs/PSUs for eligible employees of the company, was passed with 98.75% votes in favour (1.25% against). Resolution 2, covering the same for employees of subsidiary companies, was passed with 99.09% votes in favour (0.91% against). Promoters holding about 11.22 crore shares voted entirely in favour of both resolutions. E-voting ran from May 8 to June 6, 2025, with 2,431 members out of 4,45,165 participating, exercising votes on 18.22 crore shares (about 85% of total equity).
Shareholders have cleared the way for HDFC AMC to launch a new ESOP/PSU scheme that could lead to gradual equity dilution but is aimed at retaining and incentivising key talent. The overwhelming approval (over 98% in favour from both promoter and public shareholders) signals strong investor confidence in the proposed employee incentive structure.