Intimation for Postal Ballot Notice that proposes the resolutions for approval of ESOP scheme by the shareholders of the Company.
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Fabtech Technologies Cleanrooms has sent a postal ballot notice to shareholders seeking approval for a new Employee Stock Option Scheme called FTCL-ESOS 2025 through e-voting. Two special resolutions are proposed: (1) approval to introduce and implement the ESOP scheme, and (2) extension of the scheme to employees of existing and future subsidiary or associate companies in India and abroad. The total ESOP pool is capped at 3,69,580 stock options, equivalent to 3% of the company's total outstanding equity shares as of March 31, 2025, with a face value of ₹10 per share. Promoters, promoter group members, independent directors, and directors holding more than 10% equity are excluded from eligibility. E-voting begins on May 9, 2025 and ends on June 7, 2025, with results to be announced by June 10, 2025.
If approved, this will create a modest dilution potential of up to 3% of equity for employee compensation. This is a standard retention and incentive measure and is unlikely to materially affect existing shareholders' value in the short term, though it signals the company's intent to attract and retain talent through equity-linked rewards.