Galaxy Surfactants Limited has informed the Exchange regarding Notice of Postal Ballot
GALAXYSURF · price
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Galaxy Surfactants Limited has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions via e-voting. The first resolution seeks approval to introduce and implement the 'Galaxy Surfactants Limited - Performance Stock Option Plan 2025' (PSOP 2025), allowing the company to grant stock options convertible into up to 3,50,000 (3.5 lakh) equity shares of Rs. 10 face value to eligible employees and directors. The second resolution seeks to extend the benefits of this plan to employees of the holding company, subsidiaries, associates, and group companies. E-voting will be conducted through NSDL from May 26, 2025 (9:00 AM) to June 24, 2025 (5:00 PM), with the cut-off date for eligibility set as May 16, 2025. Results will be announced on or before June 26, 2025.
If approved, the PSOP 2025 could result in equity dilution of up to 3.5 lakh shares for existing shareholders when options are exercised over time. This is a routine employee incentive measure to attract and retain talent, with no immediate cash outflow for the company, though it may lead to modest future share dilution.