SG Mart Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SGMART · price
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SG Mart Limited has announced the results of its postal ballot conducted via remote e-voting from March 26 to April 24, 2026. Two special resolutions were passed with 97.19% shareholder approval. The first resolution approves amendments to the company's Employees Stock Option Scheme 2023, and the second extends ESOP benefits to employees of subsidiary or associate companies in India or abroad. Out of 126 million total shares, 76.2 million votes (60.48% turnout) were cast. Promoter group voted 100% in favor, while public institutions voted against (98.15% dissent), with public non-institutions overwhelmingly supporting (99.9995% in favor).
The passing of both ESOP-related resolutions indicates shareholder support for employee incentive programs and expansion of stock option benefits to subsidiary employees, which may help retain talent but could result in dilution of existing shareholder value.