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TENNIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tenneco Clean Air India Ltd has announced results from a Postal Ballot conducted in May 2026. Two Special Resolutions were passed: (1) ratification and amendment of Employee Stock Option Scheme 2025, and (2) extension of ESOS grants to employees of group companies, subsidiaries, associates, or holding companies. Both resolutions received approximately 93% shareholder approval. Total voter turnout was strong at 92.4% of outstanding shares. While promoters voted unanimously in favor, public institutional investors showed significant opposition, with about 36% voting against both resolutions. The ESOP scheme amendments were ratified under SEBI's 2021 share-based employee benefit regulations.
Shareholders should note that the ESOP scheme approval may lead to future share dilution as options are granted to employees. The broad extension of ESOP eligibility to group company employees aligns workforce incentives across the corporate group but increases potential dilution scope. The significant institutional opposition warrants monitoring for any investor concerns about executive compensation or dilution policies.