Ritco Logistics Limited has informed the Exchange with copy of minutes of Postal Ballot
RITCO · price
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Ritco Logistics has filed the minutes of a postal ballot concluded on 17th March 2026, in which shareholders approved a special resolution to amend the company's Employee Stock Option Plan (ESOP). The amendment gives the Compensation Committee the power to decide, vary, and modify the vesting period of stock options, subject only to a minimum one-year vesting as required by law. The committee can also revise the vesting schedule of unvested options already granted, as long as the change is not detrimental to employees. Out of 2,86,22,757 total shares, 1,89,00,875 shareholders voted, with 99.99995% voting in favor and just 9 votes against. MUFG Intime provided the e-voting platform and a Practicing Company Secretary acted as the scrutinizer.
The resolution hands greater discretion over ESOP vesting schedules to the Compensation Committee, which can help the company design more competitive employee grants and retention tools. However, it also reduces direct shareholder say on future vesting changes. No material dilution or change in the ESOP pool size is being approved — only flexibility in timing.