Pursuant to Regulation 30 of SEBI (LODR), 2015, the notice of the extra-ordinary general meeting of members of the Company to be held on 9th May 2026 is attached.
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Purple Wave Infocom Ltd is convening an Extraordinary General Meeting on May 9, 2026 through video conferencing to seek shareholder approval for two special business items. The first item is the approval of the PWIL ESOP 2026 (Employee Stock Option Plan) which proposes to issue up to 4,00,000 stock options to employees and directors (excluding independent directors) of the company. Each option can be exercised into one equity share of face value Rs. 10. The exercise price will be based on market price one day before the grant approval date. The second item seeks approval to extend ESOP benefits to employees of subsidiary, associate, and holding companies within the overall ceiling of 4,00,000 options. The plan aims to attract, retain, and motivate employees by aligning their interests with company growth. The vesting period is minimum 1 year and maximum 5 years, with an exercise period of 3 years from vesting.
If approved, this ESOP plan will dilute existing shareholder equity by up to 4 lakh shares, potentially affecting EPS and ownership percentages. The company views this as a tool to retain talent and create shareholder value, but shareholders should be aware of the dilution impact on their holdings.