Minda Corporation has successfully passed all resolutions related to its Employee Stock Option Schemes (ESOP) through a postal ballot, with the results announced on 16 March 2026. All resolutions were approved with the requisite majority.
The resolutions involved amendments to the existing ‘Employee Stock Option Scheme 2017’, the introduction of the ‘Minda – Employee Stock Option Scheme 2025′, and the approval to grant options to employees of subsidiary and group companies. Each resolution was classified as a special resolution and required a significant level of shareholder approval.
The voting results showed strong support from shareholders, with the first resolution receiving 97.66% votes in favour, while the second resolution saw 93.74% approval. The third resolution, which involved granting stock options to subsidiary employees, was also passed with a notable majority.
These resolutions are part of Minda Corporation‘s strategic efforts to enhance employee engagement and align employee interests with company performance. The voting results and the scrutiniser’s report are available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).