Postal Ballot (E-voting)
SAGILITY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sagility Limited is seeking shareholder approval via postal ballot for a new equity compensation scheme called 'Sagility Limited – Employee Stock Options and Performance Stock Units Scheme 2026' (ESOS 2026). The scheme proposes to grant up to 3.09 crore stock options and 12.37 crore performance stock units (PSUs), convertible into up to 15.46 crore equity shares of Rs. 10 face value each. The scheme will be implemented through a newly set up 'Sagility ESOP Trust'. The vesting period ranges from 1 to 3 years, with an exercise period of up to 2 years post-vesting. Exercise price for options will be at market price on grant date, while PSUs will be exercisable at face value. The company is also seeking approval to extend this scheme to employees of subsidiary companies and to provide an interest-free loan to the trust (capped at 5% of paid-up capital and free reserves). E-voting window opens on May 30, 2026 and closes on June 28, 2026, with results to be declared by June 30, 2026.
The ESOS 2026 is intended to attract, retain and motivate talent while aligning employee interests with long-term shareholder value creation. Shareholders should note the significant dilution potential (up to 15.46 crore new shares) and the interest-free loan provision to the trust. The scheme excludes promoters, >10% shareholders and independent directors.