HDFC Asset Management Company Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
HDFCAMC · price
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HDFC Asset Management Company got shareholder approval through a postal ballot for its new Employees Stock Options and Performance-linked Stock Units (PLSU) Scheme 2025. Two special resolutions were put to vote — one covering grants to company employees and another covering grants to subsidiary employees. Out of 4,45,165 shareholders holding 21,37,93,086 shares as of the May 2, 2025 cut-off, 2,431 shareholders holding 18,18,52,366 shares (85.06% of outstanding equity) participated in the e-voting. Resolution 1 (company employees) passed with 98.75% in favour and 1.25% against, while Resolution 2 (subsidiary employees) passed with 99.09% in favour and 0.91% against. Promoters holding 11,21,79,830 shares voted 100% in favour of both resolutions. The e-voting ran from May 8 to June 6, 2025, with results declared on the same day.
The approval clears the way for HDFC AMC to launch a fresh ESOP/PLSU scheme for its employees and subsidiaries, which may lead to incremental equity dilution over coming years as grants vest and are exercised. However, the overwhelming support (>98%) and promoter backing suggest shareholders are comfortable with the management compensation structure, limiting near-term negative reaction.