Please find enclosed along with Outcome of Postal Ballot.
TENNIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tenneco Clean Air India Limited has announced the results of its postal ballot conducted via remote e-voting from April 3 to May 2, 2026. Two special resolutions were passed: (1) ratification and amendment of the Employee Stock Option Scheme 2025 per SEBI SBEB regulations, and (2) ratification of extending ESOP grants to employees of group companies including subsidiaries, associates, and holding companies. Resolution 1 received 93.11% votes in favor (34.75 crore votes) with 6.89% against. Resolution 2 received 93.18% votes in favor with 6.82% against. While promoters voted 100% in favor, public institutions showed notable opposition at around 36% against both resolutions. Total voter turnout was 92.4-92.5% of outstanding shares.
The passing of these resolutions strengthens the company's employee retention and incentive framework by formalizing ESOP 2025 and expanding eligibility to group company employees. The significant institutional opposition warrants attention as it may indicate concerns about dilution or scheme terms. Shareholders should monitor for any impact on per-share metrics.