Scrutinizer Report and Voting Results of Postal Ballot Notice dated January 9, 2026 under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Systematic Industries Limited announced the results of a postal ballot conducted via remote e-voting, originally notified on January 9, 2026. The sole special resolution sought shareholder approval to institute the 'Systematic Industries – Employee Stock Option Plan 2026' (ESOP Plan 2026) covering up to 6,00,000 equity shares for eligible employees. Of the 2,23,31,242 total shares held by 1,298 shareholders, 1,54,06,967 valid votes (68.99% turnout) were polled, and the resolution passed with 100% votes in favor and zero votes against. Promoter and Promoter Group voted 1,52,73,367 shares in favor (93.16% of total share capital), while Public-Institutional and Public-Non-Institutional holders cast 1,28,400 and 5,200 votes in favor respectively. Only 3,75,600 votes were declared invalid. The vesting schedule under the plan is 20%/20%/30%/30% over four years, with an 18-month exercise window from each vesting date.
Shareholders have unanimously approved the ESOP Plan 2026, giving the company a clear mandate to grant stock options covering up to 6,00,000 shares (about 2.69% of total share capital) to employees. The dilution impact is modest, but it aligns management incentives with shareholders and signals confidence in long-term retention. Near-term stock price impact is likely neutral since the plan size is limited and was widely expected given the promoters' overwhelming support.