Gokaldas Exports Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Gokaldas Exports Limited announced the results of its postal ballot conducted between June 25 and July 24, 2025, with both special resolutions approved by shareholders. Resolution 1, approving the 'GEL Employee Stock Option Plan 2025' (ESOP 2025), was passed with 87.14% of votes in favour (5.07 crore shares) versus 12.86% against (74.9 lakh shares). Resolution 2, approving the grant of stock options to eligible employees of subsidiary companies under ESOP 2025, received 87.69% support (5.11 crore shares) versus 12.31% against (71.7 lakh shares). The postal ballot covered all 62,226 shareholders as of the June 20, 2025 cut-off date, with voting conducted electronically via KFin Technologies. The scrutinizer, Nagendra D. Rao, confirmed both resolutions were passed with the requisite majority.
The approval of ESOP 2025 allows the company to issue stock options to employees, which may lead to dilution of existing shareholders' equity over time. This is a common retention and motivation tool and signals management's confidence in the company's future growth, though investors should watch for future dilution announcements.