Key Quantitative Figures

  • SEDEMAC Employee Stock Option Plan 2014: Maximum of 23,44,500 (Twenty Three Lakh Forty Four Thousand Five Hundred) options
  • SEDEMAC Mechatronics Employee Stock Option Scheme 2025: Maximum of 9,75,000 (Nine Lakhs Seventy-Five Thousand) options
  • 2014 Plan Status: As of July 16, 2026 - 22,23,000 options granted, 20,85,000 options exercised, 1,44,000 options lapsed, 1,21,500 options available for grant
  • 2025 Scheme Status: As of July 2026 - 2,44,500 options granted, 0 options exercised, 0 options lapsed, 7,30,500 options available for grant
  • Face value of equity shares: ₹10 each

Dates of Action

  • Postal Ballot Notice Date: July 16, 2026
  • Notice Sent to Members: July 17, 2026
  • Cut-off Date for Voting Eligibility: July 10, 2026
  • Remote e-Voting Period: July 19, 2026 (9:00 AM IST) to August 17, 2026 (5:00 PM IST)
  • Results Declaration: On or before August 19, 2026

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • E-voting Service Provider: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Scrutinizer: Mr. Mahesh Darji (Membership No. FCS 7175, COP No. 7809) of M/s. Nilesh Shah & Associates
  • Alternate Scrutinizers: Mr. Nilesh Shah (Membership No. FCS 4554, COP No. 2631), Mrs. Hetal Shah (Membership No. FCS 8063, COP No. 8964)

Purpose and Rationale

The company seeks shareholder ratification of two ESOP schemes to comply with Regulation 12(1) of SEBI (SBEB & SE) Regulations, which requires fresh grants of options post-listing to be made only after ratification by members. The company completed its IPO and listing on March 11, 2026.

Voting Details

  • Event Number: 260428
  • Voting Method: Remote e-voting only (no physical ballots)
  • Voting Rights: Proportional to equity shares held as of July 10, 2026 cut-off date
  • Results: To be announced on company website (www.sedemac.com), MUFG Intime website (instavote.linkintime.co.in), and forwarded to stock exchanges

Salient Features of ESOP Plans

SEDEMAC Employee Stock Option Plan 2014

  • Original Approval: March 25, 2014 (1,563 options)
  • Increased Pool: Due to 1:1499 bonus issue approved September 10, 2025
  • Eligible Employees: Employees and directors (excluding promoters, promoter group, independent directors, and directors holding >10% shares)
  • Vesting Period: 1-5 years from grant date (typical schedule: 20% after 12 months, 40% after 24 months, 60% after 36 months, 80% after 48 months, 100% after 60 months)
  • Exercise Price: Between 30-60% of applicable Last Round Securities Price or Fair Market Value
  • Exercise Period: For grants until October 9, 2025 - up to 15 years from vesting; for grants post-October 9, 2025 - up to 3 years from vesting
  • Accounting: Fair value method for computing compensation cost

SEDEMAC Mechatronics Employee Stock Option Scheme 2025

  • Original Approval: May 29, 2025 (650 options)
  • Increased Pool: Due to 1:1499 bonus issue approved September 10, 2025
  • Eligible Employees: Similar criteria as 2014 plan
  • Vesting Period: 1-5 years from grant date
  • Exercise Price: Determined by administrator, not lower than face value
  • Exercise Period: Up to 15 years from vesting
  • Lock-in: 6 months from allotment date or until IPO, whichever earlier (pre-listing)
  • Accounting: Fair value method for computing compensation cost

Financial Impact

Not quantified in the disclosure. The ratification will enable future grants of options under both schemes, potentially leading to equity dilution upon exercise.

Capital Structure Impact

Potential dilution from exercise of up to 23,44,500 options (2014 plan) and 9,75,000 options (2025 scheme) into equity shares of ₹10 face value each.

Authorization

Board and Nomination and Remuneration Committee approvals obtained on July 16, 2026, subject to shareholder approval.

Documents Available

Explanatory statement, full ESOP plan details, and relevant documents available for electronic inspection from date of circulation until last date of remote e-voting.