eClerx Services Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
ECLERX · price
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eClerx Services announced the results of its postal ballot, with all three resolutions passed by shareholders with overwhelming majority. The first resolution re-appointed Mr. Srinjay Sengupta (DIN: 02692531) as a Non-Executive Independent Director for a second term of 5 years, receiving 99.09% votes in favor. The second resolution approved an amendment to the Employee Stock Scheme/Plan 2022 with 99.25% support. The third and most notable resolution approved the issue of Bonus Shares with 98.67% approval. A total of 482 shareholders exercised their vote through e-voting, with 87.44% of outstanding shares participating in the poll.
The bonus share issue is a shareholder-friendly action that will increase the total share count, typically leading to a proportionate price adjustment while making the stock more accessible. The re-appointment of the independent director ensures board continuity, while the ESOP amendment provides the company greater flexibility in employee compensation and retention.