Northern Arc Capital Limited has submitted the Exchange a copy of Srutinizers report of Postal Ballot along with a copy of minutes.
NORTHARC · price
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Awaiting price reaction for this filing.
Northern Arc Capital Limited has filed the voting results of a postal ballot concluded on May 5, 2025, along with the scrutinizer's report from M. Alagar & Associates. Three resolutions were put to vote through e-voting (April 6 to May 5, 2025): (1) Re-appointment of Dr. Kshama Fernandes (DIN: 02539429) as Non-Executive Non-Independent Director — passed with 99.99% votes in favour (10.36 crore votes for, 5,376 against); (2) Ratification of the Northern Arc Employee Stock Option Plan 2016 and ESOP Schemes through trust route — passed with 96.21% in favour (9.97 crore for, 39.27 lakh against); (3) Extension of ESOP benefits to employees of holding/subsidiary companies — passed with 96.21% in favour (9.97 crore for, 39.27 lakh against). All resolutions were passed with the requisite majority. The company has 1,11,017 shareholders on record, and the promoter group held 0 shares and did not participate. Notably, public institutional investors voted against the two ESOP resolutions with 10.72% dissent (39.21 lakh shares against).
All three resolutions cleared comfortably, confirming board continuity and formalising the ESOP framework including cross-group employee participation. The notable ~10.7% institutional dissent on ESOP-related resolutions is a point for retail investors to track, but does not affect the outcome. No material share price catalyst is expected from this routine procedural filing.