Postal ballot: ESOP 2026 scheme and subsidiary restructuring
TAC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TAC Infosec has issued a postal ballot notice with 4 resolutions. Key items: 1) Approve ESOP 2026 scheme with up to 4 lakh stock options, 2) Extend ESOPs to subsidiary company employees, 3) Transfer entire stake in TAC Security Inc., a wholly owned subsidiary, to Cyberscope Web3 Security Inc., a subsidiary, via share swap worth about $1.493 million (around INR 14.15 crore), making TAC Security Inc. a step-down subsidiary, 4) Approve the related party transaction. E-voting runs from October 12 to November 10, 2026.
ESOP issuance may dilute equity; subsidiary restructuring reshapes overseas holdings. Shareholders should vote before November 10, 2026.