Meeting Details
The company is conducting a postal ballot without a physical meeting. The voting process is conducted entirely through remote e-voting. The cut-off date for eligibility to vote was Friday, October 30, 2026. The e-voting period commences on Wednesday, November 4, 2026 at 09:00 AM (IST) and concludes on Thursday, December 3, 2026 at 05:00 PM (IST).
Proposed Resolutions and Implications
Resolution 1: Approval for Amendment to Jubilant Ingrevia Employees Stock Option Plan 2021
This special resolution seeks to amend the existing ESOP plan approved on May 22, 2021 and subsequently modified on March 17, 2024. Key amendments include:
- Increasing the aggregate option pool from 20,00,000 (twenty lakh) to 30,00,000 (thirty lakh) options
- Revising the definition of "Exercise Period" from not exceeding 8 years from Grant Date to not exceeding 5 years from Vesting Date
- Introducing a structured performance-linked vesting framework with company-level and individual-level performance metrics
- Implementing three categories of grants: Tenure and Rating-linked Options, Time-based Stock Options, and Yearly Target-linked Performance Options
Resolution 2: Approval for Grant of Stock Options to Employees of Unlisted Subsidiary Companies
This special resolution seeks approval to extend ESOP benefits to employees of unlisted subsidiary companies, both in India and outside India, under the amended plan. The maximum number of options granted to both eligible employees of the company and subsidiary companies shall not exceed 30,00,000 (thirty lakh) shares.
Voting Process and Methods
The voting is conducted exclusively through remote e-voting facilitated by National Securities Depository Limited (NSDL). The company is not dispatching physical copies of the notice or postal ballot forms. Shareholders can vote through:
- NSDL's e-voting website: https://www.evoting.nsdl.com
- Depository participants' platforms for demat account holders
- CDSL's Easi/Easiest facility for CDSL account holders
Key Voting Information
The voting rights of members are proportional to their share of paid-up equity share capital as on the cut-off date (October 30, 2026). The scrutinizer, Mr. R.S. Bhatia, Practicing Company Secretary (Membership No. FCS-2599, CP No. F2514), will oversee the e-voting process. Results will be announced within two working days from the conclusion of e-voting (December 3, 2026) and will be displayed on the company's website (www.jubilantingrevia.com), stock exchange websites (NSE and BSE), and NSDL's website.
Compliance with Regulations
The disclosure and postal ballot process comply with:
- Regulation 30 and 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Sections 108 and 110 of the Companies Act, 2013
- Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
- MCA Circular Nos. 14/2020, 17/2020, and 03/2025
- SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- Secretarial Standard on General Meetings (SS-2) issued by ICSI
Additional Financial Information
The proposed increase in the ESOP pool represents 1.88% of the paid-up share capital as of September 30, 2026. The allocation of the incremental 10,00,000 options is proposed as: 5,00,000 (50%) for Tenure and Rating-linked Options, 4,63,000 (46.3%) for Time-based Stock Options, and 37,000 (3.7%) for Yearly Target-linked Performance Options. The company confirms that the amendments will not affect existing grantees and shall apply only to future grants.