Mangalam Global Enterprise Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding outcome of Postal Ballot voting results.
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Mangalam Global Enterprise Limited has announced the results of its postal ballot, with shareholders approving two special resolutions related to the 'Employee Stock Option Plan 2026' (ESOP 2026). The first resolution approves the implementation of the ESOP and grants of stock options to eligible employees of the company, while the second extends option grants to employees of its wholly owned subsidiary and other subsidiary companies. Out of 179,103,006 votes polled (54.35% of total paid-up equity capital), 99.9983% voted in favour and only 3,033 votes (0.0017%) were against. Promoters voted with 100% support (179,014,028 shares), while public non-institutions showed 74.19% support. Voting was conducted via remote e-voting between January 22 and February 20, 2026, with results declared on February 23, 2026.
The approved ESOP 2026 enables the company to offer stock-based compensation to attract and retain talent across the company and its subsidiaries. While this may lead to gradual equity dilution in the future as options are granted and exercised, the overwhelming shareholder approval signals strong confidence from promoters and most institutional investors in the management's growth plans.