Oberoi Realty Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
OBEROIRLTY · price
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Oberoi Realty Limited announced the results of its postal ballot conducted between July 30 and August 28, 2025. All 4 special resolutions were passed by shareholders with the required majority. The first three resolutions approved the introduction and implementation of the 'Oberoi Realty Limited - Employee Stock Option Plan 2025' (ESOP 2025) covering employees of the company, its subsidiaries, and group/associate companies, with approval ranging from 89.19% to 91.70%. The fourth resolution approved 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, with an overwhelming 99.69% approval. Out of 33.58 crore valid shares voted, the ESOP resolutions saw modest dissent (8-11%) while the director appointment received near-unanimous support.
Shareholders have approved a new ESOP plan that could lead to future stock-based compensation, which may result in mild equity dilution over time. The reappointment/appointment of an Independent Director with near-unanimous support is a routine corporate governance matter with no material impact on stock price.