Poly Medicure Limited has informed the Exchange regarding Notice of Postal Ballot
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Poly Medicure Limited has issued a Postal Ballot Notice dated July 4, 2025, seeking shareholder approval on four resolutions via remote e-voting from July 5, 2025 to August 3, 2025. Resolution 1 seeks to amend the ESOP Scheme 2020 to broaden the definition of 'employee' to include employees of group/subsidiary/associate companies and non-executive (non-promoter) directors, with the existing pool capped at 10,00,000 equity shares (0.99% of paid-up capital) of which 7,74,599 options remain for grant. Resolution 2 seeks regularization of Shri Vishal Baid (DIN:00232727) as Executive Director for five years in the promoter category, following his appointment as Additional Director on May 6, 2025. Resolution 3 seeks shareholder approval for his remuneration. Resolution 4 proposes the appointment of M/s. P K Mishra & Associates as Secretarial Auditor for FY 2025-26 to 2029-30. Results will be declared on or before August 5, 2025.
Shareholders should review and vote on these resolutions by August 3, 2025. The ESOP amendment expands the pool of eligible employees (including group company staff), which may lead to slightly higher dilution over time, while the Vishal Baid appointment formalizes a promoter's executive role on the board for five years. The secretarial auditor appointment for a five-year term is a routine governance item.