GHCL Textiles Limited has successfully concluded its postal ballot process for approval of the GHCL Textiles Employees Stock Option Scheme 2026 (GHCL Textiles ESOS 2026). The special resolution for the scheme was approved with requisite majority based on the scrutinizer's report dated September 10, 2026.

Key Scheme Details

The GHCL Textiles ESOS 2026 is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Key parameters of the scheme include:

  • Total number of shares covered: 45,00,000 equity shares (4.70% of the Paid-up Capital as on March 31, 2026)
  • Exercise price formula: Market Price of the Share as on the date immediately preceding the relevant date of grant, but not less than the face value of the shares (₹2 each)
  • Exercise period: Not beyond five years from the date of vesting
  • Annual per-grantee limit: 3,00,000 options (approximately 0.31% of paid-up capital)
  • Eligibility: Permanent employees and whole-time Directors, excluding promoters, promoter group, and independent directors
  • Administration: Nomination and Remuneration Committee
  • Adjustment provisions: Includes procedure for fair adjustment in event of corporate actions like rights issues, bonus issues, mergers, etc.

Voting Process and Results

The e-voting process was conducted through Central Depository Services (India) Limited (CDSL) from August 12, 2026 (9:00 AM IST) to September 10, 2026 (5:00 PM IST). The cut-off date for determining voting eligibility was August 7, 2026, with 57,390 shareholders eligible to vote.

Voting results showed overwhelming approval:

  • Total shares voted: 373,84,271 shares (39.11% of outstanding shares)
  • Votes in favor: 373,69,116 shares (99.96% of votes cast)
  • Votes against: 15,155 shares (0.04% of votes cast)
  • Total shareholders who voted: 338

Category-wise voting breakdown:

  • Promoter and Promoter Group: 100% in favor (183,02,058 shares voted)
  • Public Institutions: 100% in favor (102,42,190 shares voted)
  • Public Non-Institutions: 99.83% in favor (88,24,868 shares voted), 0.17% against (15,155 shares voted)

Additional Information

The complete details of the scheme and voting results are available on the company's website (www.ghcltextiles.co.in). The company has also communicated this information to Central Depository Services (India) Ltd.