Notice of Postal Ballot dated 13th December 2025
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RIR Power Electronics has sent a postal ballot notice dated December 13, 2025 to shareholders, with three special resolutions to be voted on via remote e-voting (cut-off date December 12, 2025). E-voting runs from December 17, 2025 (9:00 AM) to January 15, 2026 (5:00 PM), with results expected by January 19, 2026. The first two resolutions seek approval for the 'RIR Power Electronics Limited Employees Stock Ownership Plan – 2025' (ESOP 2025), covering up to 39,78,620 stock options convertible into an equal number of equity shares of Rs. 2 face value, for employees of the company and its subsidiaries/associates. The third resolution seeks approval for the appointment of Mr. Kush Gupta (DIN: 09077090) as a Non-Executive Independent Director for a 5-year term from November 6, 2025 to November 5, 2030. CDSL has been appointed as the e-voting facilitator and M/s. Neetu Agrawal & Co. as the scrutinizer.
If approved, the ESOP 2025 could lead to potential equity dilution of up to 39,78,620 shares for existing shareholders, though it is aimed at attracting and retaining talent by aligning employee interests with long-term shareholder value. The independent director appointment is a routine governance matter. Shareholders should cast their votes through CDSL's e-voting platform before January 15, 2026.