Outcome of Board Meeting for Meeting held on 25th August 2025
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The Board of Directors of Olatech Solutions met on 25th August 2025 and approved several key items. These include increasing the remuneration payable to Directors beyond the usual managerial cap (subject to shareholder approval) and introducing the Employee Stock Option Plan 2025 (ESOP 2025), covering both company employees and those of group companies, subsidiaries and associates, pending shareholder approval. The Board also cleared the Director's Report for FY2024-25, finalised the Notice for the 11th Annual General Meeting (AGM), appointed a scrutinizer for the AGM voting process, and fixed the cut-off date to determine members eligible to vote and attend the AGM. The meeting lasted half an hour, from 5:00 PM to 5:30 PM.
The ESOP 2025 and higher director remuneration will dilute existing shareholders and raise compensation costs once shareholders approve them at the upcoming AGM. Existing investors should watch for the AGM notice and voting outcomes, as shareholder approval is required for the ESOP and remuneration hike to take effect.