Poonawalla Fincorp Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
POONAWALLA · price
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Poonawalla Fincorp has disclosed the results of a postal ballot concluded on June 15, 2025, with two special resolutions passed. Resolution 1 increases the ESOP 2024 Scheme II pool from 2 Crore to 3.25 Crore stock options and was approved with 89.87% votes in favor (86.53% turnout). Resolution 2 extends ESOP grants to employees of future holding/subsidiary companies and was approved with 89.49% in favor (83.55% turnout). While promoter group voted 100% in favor and public non-institutions backed the resolutions overwhelmingly (~99.8%), public institutional investors showed notable dissent: 42.47% opposed Resolution 1 and nearly half (49.71%) opposed Resolution 2, making it essentially a split verdict among institutions.
The expanded ESOP pool raises potential dilution for existing shareholders, while the near-50/50 institutional opposition to extending ESOPs to subsidiary employees signals some investor discomfort. The resolutions passed, but the institutional pushback is worth monitoring.