Saksoft Limited

Key Dates and Voting Details

  • Record date for voting eligibility: October 09, 2026
  • Remote e-voting period: October 16, 2026 (9:00 AM IST) to November 14, 2026 (5:00 PM IST)
  • Voting service provider: National Securities Depository Limited (NSDL)
  • Results declaration: On or before November 17, 2026
  • Scrutinizer: Mr. V. Suresh (Membership No. 2969 & CP No. 6032) of V Suresh Associates, with Mr. Udaya Kumar K R (Membership No. 11533 & CP no. 21973) as alternate

Resolution Details

Item No. 1: Approval of Amendments to Saksoft Employee Stock Option Plan 2009

  • The company seeks to amend its ESOP 2009 scheme to enhance clarity, streamline administration, and ensure alignment with applicable laws
  • Proposed amendments are clarificatory and administrative without changing existing grant terms or conditions
  • The scheme was originally instituted on December 07, 2009, with latest amendment approved on October 22, 2023
  • Scheme administered by Saksoft Employee Welfare Trust under Nomination and Remuneration Committee supervision
  • Maximum options available: 1,50,00,000 (1.5 crore) options
  • Eligible employees include permanent employees, directors (excluding independent directors), and employees of group companies/subsidiaries
  • Minimum vesting period: 1 year, maximum vesting period: 4 years
  • Exercise period: Up to 10 years from grant date
  • Maximum grant per employee: Normally not exceeding 1% of issued capital, requires separate shareholder approval if exceeding
  • Implementation route: Trust route
  • Source of shares: Fresh allotment and/or secondary acquisition
  • No lock-in period for equity shares issued

Item No. 2: Approval of ESOP Grant Exceeding 1% to Mr. Gurmeet Chahal

  • Proposal to grant up to 66,27,562 employee stock options to Mr. Gurmeet Chahal, Chief Executive Officer of Saksoft Inc. (subsidiary)
  • Represents 5% of company's equity share capital on fully diluted basis
  • Based on fully diluted share capital of 13,25,51,250 equity shares
  • Mr. Chahal is a new hire with approximately three decades of experience in technology and business services
  • Qualifications: B.Tech in Chemical Engineering (Panjab University), MBA in Finance and Marketing (XLRI, Jamshedpur)
  • Residential status: Person resident outside India (based in New Jersey, USA)
  • Current shareholding in company: Nil
  • No relationship with promoters, directors or key managerial personnel
  • No previous options granted under the scheme
  • Implementation through transfer of existing equity shares held by Saksoft Employee Welfare Trust
  • Minimum vesting period: At least one year from grant date
  • Proposed vesting schedule: Four-year schedule with time-based and performance-based components
  • Separate shareholder approval required under Regulation 6(3)(d) of SEBI SBEB Regulations

Authorized Signatories

  • Mr. Niraj Kumar Ganeriwala, Chief Operating Officer and Chief Financial Officer
  • Ms. Meera Venkatramanan, Company Secretary and Compliance Officer (Membership No.: F9922)

Additional Information

The explanatory statement and draft amended scheme are available for inspection at the company's registered office during working hours until the last date of e-voting. None of the directors and key managerial personnel, including their relatives, are interested in the resolutions except to the extent they may be lawfully granted options under the scheme.