Board Meeting held on 24th March, 2026 to consider and approve the following 1. Reclassification of person from Promote/Promoter Group to Public Category subject to the approval of members ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Epuja Spiritech Ltd's board, at its March 24, 2026 meeting, approved the reclassification of two entities — Winfotel Infomedia Technologies Pvt Ltd (90 lakh shares, 7.95%) and Divit India Services Pvt Ltd (75,000 shares, 0.06%) — from the Promoter/Promoter Group category to the Public category, subject to shareholder and BSE approval. The board also approved the creation of 3 crore stock options (3,00,00,000) under the new 'Epuja Spiritech Employee Stock Option Scheme 2026', convertible into equal number of equity shares of Re. 1 face value. Exercise price will be set by the committee, not lower than face value or higher than fair market value, with a 7-year exercise window from vesting. A postal ballot has been initiated to seek shareholder approval for both items, with a scrutinizer appointed for the e-voting process.
For shareholders, the reclassification moves about 8% of shareholding from the 'promoter' tag to 'public', which reduces the formal promoter group stake on paper but does not involve any actual share transfer or change in beneficial ownership. The 3 crore ESOPs, once granted and exercised, could lead to dilution of existing shareholders, potentially affecting earnings per share depending on timing and exercise price.