Sundrop Brands Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Sundrop Brands Limited has submitted the results of its postal ballot concluded on July 6, 2025, along with the Scrutinizer's report from Tumuluru & Company. The single special resolution sought shareholder approval to grant employee stock options under the 'Agro Tech Foods Limited Employees Stock Option Plan, 2024' equal to or more than 1% of issued capital to Mr. Nitish Bajaj, the Group Managing Director. A total of 136 members cast 29,727,148 votes, of which 29,674,235 (99.82%) voted in favour and only 52,613 (0.18%) voted against. The resolution was passed with the requisite majority. Promoters and promoter group were not interested in the resolution.
This is a routine governance disclosure with no material impact on shareholders. The overwhelming approval (over 99.8% in favour) signals strong shareholder support for the leadership-linked ESOP grant, which may result in minor future equity dilution when options are exercised.