Postal Ballot Notice - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Systematic Industries Limited has issued a Postal Ballot Notice seeking shareholder approval to institute an Employee Stock Option Plan called 'Systematic Industries – ESOP 2026' for its employees. The scheme proposes to grant up to 5,00,000 stock options (convertible into 5,00,000 equity shares of Rs. 10 each) under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Vesting is spread over four years (20%, 20%, 30%, 30%) with an 18-month exercise window post-vesting and a 6-month lock-in on shares issued. Promoters, promoter group members, independent directors, and directors holding over 10% equity are excluded. Per-employee grants in any one year cannot exceed 1% of issued capital without further shareholder approval. Voting is open from January 19, 2026 to February 17, 2026 via NSDL e-voting, with results expected by February 19, 2026.
If approved, the ESOP will dilute existing shareholders by up to 5,00,000 shares (new issue route) but serves as a retention and motivation tool for employees. Shareholders should review the dilution quantum, vesting conditions, and exercise pricing before voting; a 'Yes' vote aligns with management's proposal to attract and retain talent.