Tilaknagar Industries Limited has informed the Exchange regarding Notice of Postal Ballot
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Tilaknagar Industries has issued a Postal Ballot Notice to its shareholders seeking approval through remote e-voting for three special resolutions. The first resolution is to appoint Mr. Jenamejayan Kamalam Shivan (DIN: 09008166) as a Non-Executive Independent Director for three years from November 13, 2025 to November 12, 2028. The second and third resolutions seek approval for the Tilaknagar Employee Stock Option Scheme 2025 (ESOP 2025), allowing up to 50 lakh stock options convertible into 50 lakh equity shares of Rs. 10 face value each, both for company employees and employees of group companies, subsidiaries, and associates. The remote e-voting window runs from January 11, 2026 to February 9, 2026, with results expected by February 11, 2026.
If approved, the ESOP 2025 could lead to dilution of up to 50 lakh equity shares for employee compensation, while the new independent director adds to board strength. Shareholders should review the proposals and cast their votes before the February 9, 2026 deadline.