Disclosure of Voting Results of Postal Ballot by Remote E-voting process and Submission of Scrutinizer''s Report
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RIR Power Electronics conducted a postal ballot that concluded on 15th January 2026, with all three special resolutions passed with overwhelming majority. Resolution 1 approved the 'RIR Power Electronics Limited Employees Stock Ownership Plan – 2025' (ESOP) with 99.98% votes in favor on 52,296,427 shares. Resolution 2 approved the grant of stock options to employees of subsidiary and associate companies under the same ESOP, also passing with 99.98% support. Resolution 3 approved the appointment of Mr. Kush Gupta (DIN: 09077090) as Non-Executive Independent Director, passing with 100% votes in favor. Out of 79,572,400 total shares, about 65.73% were polled, with promoters and public institutions voting nearly unanimously in favor (100%) while public non-institutions showed only 0.25% participation.
Shareholders have greenlit the company's ESOP 2025 plan, which may lead to equity dilution in the future as stock options are granted and exercised. The appointment of a new independent director strengthens board oversight. Near-unanimous promoter and institutional support signals strong internal alignment, though low retail participation (0.25%) is worth noting.