Motherson Sumi Wiring India Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Motherson Sumi Wiring India Limited has announced the results of its Postal Ballot concluded on February 27, 2026, with all four resolutions passed by shareholders. The resolutions include approval of the 'Motherson Sumi Wiring India Limited – Employee Stock Option Scheme 2025' (ESOP 2025), secondary acquisition of shares through the Trust route to implement the ESOP, and provision for the company to grant loans or guarantees for the Trust to buy back shares under the ESOP. A separate resolution revised the remuneration of Mr. Anurag Gahlot, Whole Time Director. Total voting turnout was about 86% (5.7 billion shares polled out of 6.63 billion), with promoters (4.09 billion shares) voting 100% in favour. Each resolution received over 99.7% approval from voting shareholders, with very minimal opposition (under 0.27%).
Shareholders have greenlit a new ESOP scheme that could lead to dilution over time as stock options are granted and exercised. The director remuneration revision suggests an increased payout for the Whole Time Director. Both are operational governance items and unlikely to cause an immediate stock price reaction, though the ESOP trust route may involve future share buybacks that could provide mild price support.