Pursuant to compliance of regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015, it is hereby informed that 1st Extra-Ordinary General Meeting is scheduled to ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mega Corporation Limited has called its 1st EGM for FY 2026-27 on Tuesday, 5th May 2026 at 12:30 PM, to be held via video conferencing. The key agenda is amending the Employee Stock Option Scheme-2025 to expand the ESOP pool from 50,00,000 to 1,25,00,000 equity shares (a 2.5x increase) and extend the exercise period from 2 years to 10 years from the date of vesting. The company is also seeking approval to extend ESOP benefits to employees of group companies, subsidiaries, or associate companies, and to grant options equal to or exceeding 1% of issued capital to identified employees. Two director appointments are on the agenda: Mr. Kanishkkant Dubey as Non-Executive Non-Independent Director and Mr. Navratan Baid as Non-Executive Independent Director for a 5-year term. The remote e-voting window runs from 2nd May (9:00 AM) to 4th May (5:00 PM), with the cut-off date set at 28th April 2026.
The 2.5x expansion of the ESOP pool and the extension of the exercise window could lead to meaningful future equity dilution for existing shareholders, though management cites talent retention and motivation as the rationale. Shareholders should evaluate the ESOP amendments, the 1% issuance limit override, and the new director appointments before casting their votes.