Notice of Postal Ballot through remote e-voting.
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Monika Alcobev Limited has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for four resolutions. The first two resolutions seek approval to introduce and implement the 'Monika Alcobev Employee Stock Option Scheme 2026 (ESOS-2026),' which can issue up to 10,00,000 equity shares (face value Rs. 10 each) to employees and directors, including those of holding, subsidiary, associate, and group companies. The third and fourth resolutions seek approval to appoint Mr. Ghanshyam Vijaykumar Vyas and Mr. Samir Kumar Das as Non-Executive Independent Directors for a five-year term from November 24, 2025 to November 23, 2030. E-voting will run from February 21, 2026 to March 22, 2026, with results to be declared on or before March 24, 2026.
If approved, the ESOS-2026 will lead to dilution of existing shareholders' equity by up to 10 lakh shares. The appointment of two Independent Directors strengthens board composition and aligns with regulatory governance requirements.