Ion Exchange issues a postal ballot notice seeking shareholder approval for a new Employee Stock Option Scheme (ESOP 2026) for up to 1.7 million shares.
The company proposes secondary acquisition of shares through an ESOP Trust and providing a loan up to 5% of paid-up capital and free reserves to the Trust.
The e-voting period for shareholders runs from April 25, 2026, to May 24, 2026, with results to be declared by May 26, 2026.
The scheme includes eligibility for employees of subsidiary companies and features a minimum 1-year and maximum 4-year vesting period.