Ritco Logistics Limited has informed the Exchange regarding Notice of Postal Ballot
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Ritco Logistics Limited has announced a Postal Ballot (e-voting only) to seek shareholder approval for amending its existing Employee Stock Option Plan (ESOP). The amendment aims to give the Compensation Committee more flexibility in deciding the vesting period of stock options, removing the earlier fixed upper cap while keeping the SEBI-mandated minimum vesting period of one year. The Board of Directors approved the proposal at its meeting on February 11, 2026. E-voting will run from February 16, 2026 (9:00 AM) to March 17, 2026 (5:00 PM), with results expected by March 19, 2026. Importantly, the amendment will not change the exercise price, total number of options, or the class of employees eligible under the plan. Mr. Mukun Arora, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the process.
This is a routine corporate governance measure that gives the company more flexibility to structure employee stock incentives for retention. For shareholders, the key takeaway is that no dilution-related terms (exercise price, total options, eligible employees) are being altered, so existing shareholder value is not directly affected. The resolution needs to be passed as a Special Resolution, meaning promoter and large institutional votes will be key to its outcome.