Meeting Details
- Date: Monday, November 30, 2026
- Time: 11:00 a.m. (IST)
- Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) without physical presence of members
- Deemed Venue: Registered Office at Plot No. B-24 & 25, NICE Area, MIDC Satpur, Nashik 422007
- Extension Granted: Registrar of Companies, Mumbai-II granted a two-month extension under Section 96(1) of Companies Act, 2013, allowing AGM to be held by November 30, 2026
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors (Ordinary Resolution)
2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with report of Auditors (Ordinary Resolution)
3. Re-appointment of Ms. Komal Piyush Somani (DIN: 08477154) as Director liable to retire by rotation (Ordinary Resolution)
4. Appointment of Secretarial Auditors - M/s. Sharma and Trivedi LLP (LLPIN: AAW-6850) as Secretarial Auditor for five financial years from FY 2026-27 to 2030-31 at remuneration of ₹1,80,000 per financial year plus applicable taxes (Ordinary Resolution)
Special Business
5. Ratification of ESDS Employees Stock Ownership Plan - 2021 (Pre-IPO Scheme 2021) covering 2,500,000 options (Special Resolution)
6. Ratification of extension of ESOP 2021 benefits to eligible employees of subsidiary and associate companies (Special Resolution)
7. Ratification of ESDS Employee Stock Option Plan 2024 (Pre-IPO Scheme 2024) covering 3,000,000 options (Special Resolution)
8. Ratification of extension of ESOP 2024 benefits to eligible employees of subsidiary and associate companies (Special Resolution)
Voting Process and Methods
The company provides multiple voting facilities in compliance with Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR:
- Remote e-voting through MUFG Intime India Private Limited platform
- Voting during AGM via electronic voting system for members attending virtually
- Cut-off Date: Monday, November 23, 2026 for determining voting rights
- Remote e-voting Period: Thursday, November 26, 2026 (9:00 a.m. IST) to Sunday, November 29, 2026 (5:00 p.m. IST)
- Voting Methods: Individual shareholders can vote through NSDL/CDSL demat accounts, while physical shareholders and non-individuals use InstaVote platform
Key Voting Outcomes and Participation
- Scrutinizer Appointment: Mr. Sagar Kulkarni (Membership No. F11770/C.P. No.18046) of M/s. S.V. Kulkarni & Associates appointed to conduct e-voting process
- Result Declaration: Results will be declared on or before Wednesday, December 02, 2026
- Result Submission: Submitted to BSE and NSE within two working days of AGM conclusion
- Voting Rights: Proportional to shareholding as on cut-off date (November 23, 2026)
Compliance with Laws and Regulations
The document confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 30, 34, 44)
- Companies Act, 2013 (Sections 96, 101, 102, 108, 136, 152, 170, 189, 204)
- Companies (Management and Administration) Rules, 2014
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- MCA General Circulars regarding virtual meetings
- Secretarial Standard-2 on General Meetings
Signatories and Roles
- Piyush Somani: Chairman and Managing Director (DIN: 02357582) - Signed the notice on behalf of Board of Directors
- Prasad Deochand Deokar: Company Secretary & Compliance Officer (M. No. A34350) - Signed the submission letter to exchanges
- Sagar Kulkarni: Scrutinizer for e-voting process (Membership No. F11770/C.P. No.18046)
Additional Financial and Procedural Information
- ESOP 2021 Status: 2,735,500 options granted against 2,500,000 ceiling (lapsed options re-granted); 1,104,600 options exercised; 704,400 options in force; ₹71,799,000 realized from exercise
- ESOP 2024 Status: 2,570,000 options granted; 295,000 options lapsed; 2,275,000 options in force; no options exercised yet
- ESOP Implementation: ESOP 2021 implemented through ESDS Employee Benefit Trust; ESOP 2024 administered directly by company
- Shareholder Services: Contact details provided for Compliance Officer (secretarial@esds.co.in) and RTA MUFG Intime (rnt.helpdesk@in.mpms.mufg.com)
- Document Availability: Annual Report and ESOP documents available on company website www.esds.co.in for electronic inspection
- AGM Attendance: Facility available for at least 1,000 members on first-come-first-served basis through InstaMeet platform
- Speaker Registration: Members can register to speak at AGM between November 20-24, 2026