SG Mart Limited has informed the Exchange regarding Notice of Postal Ballot
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SG Mart Limited has issued a postal ballot notice seeking shareholder approval through e-voting for two special resolutions. The first resolution proposes amendments to the SG Mart Limited Employees Stock Option Scheme-2023, including renaming it from its old name under Kintech Renewables and updating the ESOP pool to 40,00,000 options (face value ₹1 each), reflecting the earlier share sub-division from ₹10 to ₹1 and a 1:1 bonus issue approved on February 9, 2024. The second resolution seeks to extend ESOP benefits to employees and directors of subsidiary and associate companies, both in India and abroad. E-voting will be conducted via NSDL from March 26, 2026 (9:00 AM) to April 24, 2026 (5:00 PM), with the cut-off date set as March 20, 2026 and results expected by April 27, 2026. The exercise price will now be determined by the Nomination and Remuneration Committee, linked to market price with possible discount, but not below face value.
If approved, the larger ESOP pool (40 lakh options) and its extension to subsidiary/associate company employees could lead to equity dilution over time, though it may help the company attract and retain talent. Existing option holders are explicitly stated not to be negatively impacted. Shareholders should evaluate the proposed dilution and vote during the e-voting window.