Minda Corporation Limited has informed the Exchange regarding 'Declaration of Results of e-voting for Postal Ballot'.
MINDACORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Minda Corporation announced the results of its postal ballot conducted via remote e-voting from February 14 to March 15, 2026, covering four special resolutions related to its Employee Stock Option framework. All four resolutions were passed with the requisite majority, with total voting turnout of about 90.4% of outstanding shares. Resolution 1 (amendment to ESOP 2017 and transfer of unallocated shares to ESOP 2025) got the highest support at 97.66% in favor. Resolutions 2 and 3 (approval of ESOP 2025 and grant of options to subsidiary employees) got 93.74% support. Resolution 4 (grant of options to group/associate company employees) got the lowest support at about 83%, with institutional investors notably voting 60.2% against it.
Shareholders have cleared the way for a new ESOP 2025 scheme, giving the company flexibility to issue stock options to employees including those at subsidiaries and group companies. Mild dissent from institutional investors on the group-company ESOP resolution (Resolution 4) is worth noting, as it could signal some governance concerns, but overall the strong mandate keeps employee incentive plans on track without immediate dilution risk for existing shareholders.