Emmvee Photovoltaic Power Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
EMMVEE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Emmvee Photovoltaic Power Limited has submitted the voting results and scrutinizer's report for its postal ballot conducted via remote e-voting from December 3, 2025 to January 1, 2026. Both special resolutions were passed with the requisite majority: (1) ratification of the Employees Stock Option Scheme 2025 (ESOS-2025), and (2) extension of ESOS-2025 benefits to employees of subsidiary companies. Of the 640.94 million votes polled (92.58% of outstanding shares of 692.34 million), about 90.83% voted in favour of each resolution. Promoters (554.10 million shares) voted 100% in favour, public institutions (86.50 million shares polled) were strongly against with 67.96% dissenting, and retail public shareholders supported with roughly 98.8% in favour. The scrutinizer was Pramod S M of BMP & Co. LLP.
The ESOS-2025 is now formally ratified and can be rolled out, including to employees of subsidiary companies, potentially leading to some equity dilution over time. Worth noting for shareholders: public institutional investors voted heavily against both resolutions (~68% dissent), even though the resolutions passed comfortably thanks to the promoter's 80% holding.