Postal ballot on employee options, director rights and capital structure
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Voting runs 24 October to 22 November 2026 on five resolutions: ratification of the 2015 employee stock option plan, including a 125,007,797-option pool and eligibility for subsidiary employees; an interest-free trust loan or guarantee up to 5% of paid-up capital plus free reserves; rights to appoint directors for Puneet Agarwal, Sanjay Aggarwal and Accel; and reclassification of Rs 253.152 crore authorised capital into Rs 1 equity shares.
Approval may enable more employee shares, lower holder ownership, trust funding and investor director rights. Authorised capital stays unchanged.