Pursuant to Regulation 30 read with Part A and Part B of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors, at its meeting on 25th March 2026, approved the appointment of Mr. Navratan Baid as an Additional Non-Executive Independent Director (for a 5-year term) and Mr. Kanishkkant Dubey as a Non-Executive Non-Independent Director (appointed earlier on 23rd February 2026), subject to shareholder approval. The Board also approved amendments to the ESOP Scheme-2025, increasing the option pool from 50 lakh to 1.25 crore equity shares (a 2.5x expansion), extending the exercise period from 2 years to 10 years from vesting, and extending benefits to employees of group/subsidiary/associate companies. Additionally, the Board approved grants exceeding 1% of issued capital to identified employees and appointed Vikas Gupta & Co. as the Scrutinizer for the upcoming EGM scheduled for 5th May 2026.
The 2.5x increase in the ESOP pool represents a potential future dilution of up to 1.25 crore shares for employees, though no options have been granted yet. Shareholders will vote on these proposals at the EGM on 5th May 2026; the expanded scheme could modestly affect future earnings per share if options are eventually exercised at scale.