Jaro Institute of Technology Management and Research Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Jaro Institute has announced the results of its postal ballot conducted from January 25 to February 23, 2026, with all four special resolutions passed with overwhelming shareholder support. The resolutions approved include the Jaro Education Employee Stock Option Plan 2026 (ESOP 2026), secondary acquisition of equity shares under the ESOP scheme, and provision of a loan by the company for the trust to purchase its own shares for employee benefits. Additionally, Mr. Ishan Baveja (DIN: 07251062) has been re-appointed as an Independent Director. Of the 22,156,289 total outstanding shares, 12,796,114 votes (57.75%) were polled, with promoters voting 100% in favor and public non-institutions voting 99.87% in favor. All four resolutions received 100% votes in favor from promoters and over 99.87% from public non-institutions, with near-zero dissent.
The approval clears the way for the company to implement its ESOP 2026 scheme, which could lead to equity dilution in the future as employee stock options are granted and exercised. Shareholders should watch for future disclosures on the specifics of the ESOP scheme, including the number of options granted and exercise prices. The re-appointment of an Independent Director ensures continued board stability.