SG Mart shareholders approved two special resolutions via postal ballot to amend and extend the company's Employee Stock Option Scheme 2023.
Both resolutions passed with 97.19% approval from 76.21 million votes cast, representing 60.48% of total outstanding shares.
The amendments allow extending ESOP benefits to employees of subsidiary or associate companies, both in India and outside India.
The scrutiniser confirmed the voting process complied with SEBI LODR regulations and the Companies Act, 2013.