SCRUTINIZERS REPORT FOR THE EGM HELD ON 12.1.2026
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Indobell Insulations Ltd held an Extra-Ordinary General Meeting (EGM) on January 12, 2026, through video conferencing, which concluded in 23 minutes. The single special resolution on the agenda was to approve the grant of Employee Stock Options to employees under the 'Indobell Insulations Ltd. Employee Stock Option Plan 2025'. Out of 477 shareholders on record, 11 attended via VC and 13 cast votes through remote e-voting. A total of 42,74,082 votes were polled, representing 67.84% of the company's outstanding shares of 62,99,952. The resolution was passed unanimously with 100% of votes cast in favour and zero votes against — including from promoter group (40,94,772 shares), public institutions (1,14,000 shares), and public non-institutions (65,310 shares). The scrutinizer was Prachi Todi, Practicing Company Secretary.
The unanimous approval of the ESOP 2025 plan allows the company to issue stock options to its employees as a retention and incentive tool. Existing shareholders face potential future dilution when these options are eventually exercised, though the exact pool size is not disclosed in this filing. The high promoter participation (100% in favour) signals strong promoter support for this employee incentive scheme.