Please find enclosed scrutinizer''s report for the postal ballot notice dated May 4, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Meta Infotech Ltd has disclosed the voting results of its postal ballot (notice dated May 4, 2026) with all three special resolutions approved by shareholders with overwhelming majority. Total valid votes polled stood at 1,33,79,941 out of 1,88,14,400 shares (about 71% polling). Resolution 1 (alteration of Articles of Association) passed with 99.85% in favour, Resolution 2 (ESOP Scheme 2026) passed with 99.75% in favour, and Resolution 3 (issue of up to 9,44,070 stock options, i.e. 5% of paid-up capital, to COO/CRO Mr. Ambrish Deshpande over 5 years) passed with 99.75% in favour. Promoters (holding ~1.33 crore shares) voted 100% in favour of all three resolutions, while public non-institutions showed 45-46% dissent on the ESOP-related resolutions.
The company now has shareholder approval to amend its Articles of Association and roll out a new ESOP scheme, including a sizable grant of up to 5% of paid-up capital to the COO/CRO over 5 years. This represents a future dilution risk for existing public shareholders of up to ~5%, though promoter support ensures smooth execution. Stock price impact is likely neutral, though some retail holders may flag the executive ESOP size as governance concern.