Ritco Logistics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
RITCO · price
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Ritco Logistics Limited has announced the results of a postal ballot conducted from February 16 to March 17, 2026, seeking shareholder approval to amend the company's Employee Stock Option Plan (ESOP) to give the Compensation Committee more flexibility on vesting terms. The resolution was passed as a Special Resolution with overwhelming support, with 99.99995% of valid votes cast in favour (18,900,866 shares) and only 9 votes against. Out of 10,877 total members on record date, 48 members participated in the voting. Promoters voted their full holding of 1,79,42,118 shares in favour, and public institutional holders also voted 100% in favour (8,06,000 shares). The scrutinizer, Mr. Mukun Arora of Mukun Vivek & Company, submitted the report on March 18, 2026, confirming the resolution was passed by the requisite majority.
The amendment gives the Compensation Committee more discretion over ESOP vesting schedules, which may help the company attract and retain talent but could also lead to uncertainty around employee equity timelines. Shareholder approval was near-unanimous, indicating strong promoter and institutional confidence, with no material negative signal for the stock from this corporate action.