Oberoi Realty Limited has informed the Exchange regarding Notice of Postal Ballot
OBEROIRLTY · price
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Oberoi Realty has sent out a Postal Ballot Notice dated July 21, 2025 seeking shareholder approval through remote e-voting on four special business items. Item 1 is the introduction of 'ESOP 2025', a new Employee Stock Option Plan with a pool of up to 36,36,023 options (roughly 1% of fully diluted paid-up capital), with each option convertible into one equity share of Rs. 10 face value. Items 2 and 3 extend the same ESOP pool to employees of the Company's subsidiaries and group/associate companies. Item 4 is the appointment of Mr. Sanjay Shah (DIN: 00338251) as a Non-Executive Independent Director for a 5-year term from June 16, 2025 to June 15, 2030. E-voting runs from July 30, 2025 (9:00 a.m.) to August 28, 2025 (5:00 p.m.) via CDSL, with the cut-off date being July 25, 2025, and results to be declared on or before August 30, 2025.
If approved, the ESOP 2025 will create a small dilution of about 1% for existing shareholders, but aims to attract and retain key talent by linking rewards to long-term company performance. The independent director appointment strengthens the board composition. None of the items are likely to materially impact the stock price; the share price impact will depend on the grant pricing and eventual dilution from ESOP exercises.