Fortis Healthcare Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
FORTIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fortis Healthcare Limited received shareholder approval through postal ballot for three special resolutions related to its Employees Stock Option Scheme 2026 (ESOP). The resolutions covered: (1) approval of the main ESOP 2026 scheme, (2) granting of stock options to subsidiary company employees, and (3) granting of stock options to associate company employees. All three resolutions passed with strong majority — 96.59%, 96.70%, and 87.58% votes in favor respectively. Resolution 3 (granting options to associate company employees) saw notably higher dissent at 12.42%, compared to about 3.3% dissent for the other two. Voting was conducted via e-voting (KFinTech platform) and concluded on March 18, 2026.
The ESOP 2026 scheme is now formally approved, giving the company a tool to attract and retain talent across Fortis, its subsidiaries, and associates. Shareholders should expect some equity dilution in the future as stock options get granted and eventually exercised. The higher dissent on associate company grants suggests some investor concern about extending the scheme beyond the listed entity.