Sutlej Textiles and Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
SUTLEJTEX · price
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Sutlej Textiles and Industries Limited has announced that shareholders have approved the Sutlej Textiles and Industries Limited - Employee Stock Option Scheme 2026 through a postal ballot. The special resolution was passed on 19th April 2026 with overwhelming majority. Out of 132.28 million votes cast, 132.22 million (99.96%) were in favour and only 59,436 (0.04%) were against. Promoter group voted 100% in favour with 104.78 million votes. Public institutional shareholders showed 96.95% approval with minor dissent of 3.05%, while public non-institutional shareholders recorded 99.98% approval. The company engaged CSM & Co., Practicing Company Secretaries, as the scrutinizer for this remote e-voting process conducted between 21st March and 19th April 2026.
Shareholders have endorsed the new Employee Stock Option Scheme, which may help the company attract and retain talent through equity-based compensation. The near-unanimous approval signals strong shareholder confidence in the management's compensation strategy and future growth plans.