Declaration of voting results along with scrutinizer''s report.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Telge Projects Limited announced the results of a postal ballot (e-voting) concluded on March 21, 2026, with all 3 special resolutions passed with 100% votes in favour and zero votes against. Total of 7,605,219 votes were polled out of 9,790,148 outstanding shares, representing 77.68% participation. The resolutions approved were: (1) the introduction of a new Employee Stock Option Plan called TPL-ESOP 2026, (2) extension of this ESOP plan to employees of existing or future subsidiary and associate companies in India and abroad, and (3) approval of a deviation in the utilisation of funds raised through the company's IPO. There were 257 shareholders on record as of the cut-off date, and the scrutinizer (KPN & Associates) confirmed the e-voting process was conducted fairly and transparently.
Shareholders have given a clear green light to the company's new ESOP scheme, which may lead to some equity dilution in the future when options are granted or exercised. The approval of deviation in IPO fund usage signals that the company is reallocating the originally stated use of IPO proceeds, which investors should review for any change in growth priorities or capital allocation strategy. The unanimous shareholder support across all categories (promoters, institutions, and public) reflects strong confidence in management's proposals.