Postal Ballot: Sikka elevation to MD & CEO, ESOP 2019 amendment

Management Changes View source PDF Explain this filing

NAM-INDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹812.00

prior close

₹814.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.9%+1.1% vs market

Asset Management Company peers, median of 6sector+0.8%+1.2% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Midcap 150 and 1.2 pts more than its Asset Management Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

+0.8

Sessions after the filingfrom the prior close

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Reaction day

+2.0+0.9+1.1+0.8+1.2

Next day

+6.7+2.0+4.6+2.5+4.2

+6.7+2.0+4.7+2.0+4.7

+6.7+1.2+5.5+1.4+5.2

+6.9+0.6+6.3+0.9+6.0

+9.4+0.9+8.5+3.7+5.7

+11.2+2.9+8.3+2.8+8.4

15d

+9.6+4.0+5.6+6.7+2.9

+6.2+1.1+5.1+0.3+5.8

+17.0+3.0+14.0-1.8+18.8

+5.2-4.0+9.2-12.1+17.4

UpDownMarket · Nifty Midcap 150Sector · Asset Management Company peers, median of 6Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Company seeks member approval via postal ballot (e-voting Dec 11, 2025 to Jan 9, 2026) for two items: (1) elevating current ED and CEO Sundeep Sikka to Managing Director and CEO for 5 years from April 22, 2026, with a base salary of Rs 6.15 crore plus performance incentive up to 150 percent and stock options; and (2) amending the ESOP 2019 plan to extend the exercise period from 7 to 9 years for about 1.33 crore vested but unexercised options.

Likely market impact

Leadership continuity as long-serving insider CEO is elevated. ESOP amendment benefits existing option holders. No governance concerns; routine shareholder vote.