Notice of Postal Ballot
Awaiting price reaction for this filing.
Allied Blenders and Distillers Limited (ABDL, BSE: 544203, NSE: ABDL) has issued a Postal Ballot Notice seeking shareholder approval through remote e-voting for three Special Resolutions. The first resolution seeks approval to extend the existing ESOS 2024 employee stock option plan to employees of its subsidiary companies, allowing up to 1,39,85,508 stock options (convertible into equity shares of face value Rs. 2 each). The second resolution seeks approval for the re-appointment of Mrs. Resham Chhabria J Hemdev as Whole-time Director designated as Vice Chairperson for 3 years from April 1, 2025 to March 31, 2028. The third resolution seeks re-appointment of Mr. Arun Barik as Whole-time Director designated as Executive Director for 3 years from August 9, 2025 to August 8, 2028. E-voting commences on May 24, 2025 at 9:00 AM and concludes on June 22, 2025 at 5:00 PM, with results to be declared within two working days thereafter.
This is a routine governance filing. The ESOS expansion to subsidiaries means potential equity dilution (up to ~1.4 crore shares) if all options are exercised, though no immediate capital impact. The director re-appointments ensure continuity of leadership. Shareholders should review and vote during the e-voting window (May 24 – June 22, 2025).