Nature of the Event

EAAA India Alternatives Limited has issued a Notice of Postal Ballot to seek shareholder ratification of its pre-IPO 'EAAA India Employee Stock Option Scheme 2024' (ESOP 2024) in compliance with Regulation 12(1) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key Quantitative Figures

  • Total Options ceiling: 51,36,000 Options (exercisable into equivalent equity shares)
  • Face value of equity shares: ₹5 each
  • Options available for future grant as of Prospectus date (October 28, 2026): 15,76,000
  • Maximum Options per employee per year: 6,42,000

Dates of Action

  • Notice Date: November 12, 2026
  • Cut-off date for determining voting members: November 6, 2026
  • Remote e-Voting period: November 13, 2026 (9:00 AM IST) to December 12, 2026 (5:00 PM IST)
  • Result declaration: On or before December 15, 2026
  • Deemed passing date of resolutions: December 12, 2026

Parties Involved

  • Service Provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: Ms. Ashita Kaul, Founder & Managing Partner of M/s. Ashita Kaul & Associates
  • Stock Exchanges: National Stock Exchange of India Limited (NSE) and BSE Limited
  • Regulatory References: SEBI Listing Regulations, Companies Act 2013, SEBI SBEB & SE Regulations

Purpose and Rationale

The ratification is a statutory requirement under SEBI regulations for pre-IPO ESOP schemes. The company emphasizes that this is only a ratification process—no new scheme is being introduced, no increase in the number of options is proposed, and no terms of the existing scheme are being amended or modified.

Group Companies Covered

Eligible employees from the following group companies may participate:

  • Holding company: Edelweiss Securities and Investments Private Limited
  • Ultimate holding company: Edelweiss Financial Services Limited
  • Subsidiary companies: EAAA Pte. Limited (Singapore), EAAA Real Assets Managers Limited, Sekura India Management Limited, EAAA Transinfra Managers Limited

ESOP Scheme Details

Salient features of ESOP 2024:

  • Scheme effective date: December 1, 2024
  • Vesting period: Minimum 1 year, maximum 5 years from grant date
  • Exercise period: Maximum 1 year from vesting date
  • Exercise price: Not less than face value of shares (₹5), determined by committee
  • Administration: Directly by the company (no trust involved)
  • Shares issued: New issuance only (no secondary acquisition)
  • Accounting: Fair value method using Black-Scholes or appropriate model
  • Lock-in: No lock-in except as required under applicable laws

Voting Process

  • Remote e-voting through InstaVote platform (Event No. 260971)
  • Multiple login methods provided for NSDL and CDSL demat account holders
  • Physical shareholders and non-individual members must register on InstaVote
  • Helpdesk contacts provided for technical support
  • Results will be announced on company website, stock exchange websites, and MUFG Intime website

Additional Information

  • The scheme was originally approved by Board on November 30, 2024 and shareholders effective December 1, 2024
  • Disclosed in Red Herring Prospectus and Prospectus dated October 28, 2026
  • Equity shares listed on NSE and BSE from November 2, 2026
  • Documents available for electronic inspection until December 12, 2026

Financial Impact

No financial impact quantified in the disclosure. The ratification enables future grants within the existing scheme ceiling.