Please find enclosed the outcome of 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 declared the results of its postal ballot on June 5, 2026, with all three special resolutions approved by members through remote e-voting. The e-voting window ran from May 7 to June 5, 2026, and was overseen by scrutinizer Ms. Riddhi Krunal Shah. Shareholders approved: (1) alteration of the company's Articles of Association, (2) the Meta Infotech Limited ESOP Scheme 2026, and (3) the grant of up to 9,44,070 stock options (capped at 5% of paid-up share capital as of March 31, 2026) to Mr. Ambrish Deshpande, the company's COO/CRO, to be issued over a 5-year period.
Existing shareholders face potential dilution of up to 5% of share capital if all approved ESOP options are eventually granted and exercised. The ESOP grant to a key executive ties long-term incentives to performance, while the Articles amendment may signal governance or structural changes worth watching.