Sutlej Textiles' Special Resolution to Approve Employee Stock Option Scheme Passes Shareholder Vote
Sutlej Textiles and Industries Ltd. announced on April 20, 2026, that a Special Resolution concerning the approval of its Employee Stock Option Scheme 2026 has been successfully approved by the members of the company. The results were determined through a remote e-voting process conducted between March 21, 2026, and April 19, 2026.The resolution, classified as Special Business, was designed to approve the "Sutlej Textiles and Industries Limited - Employee Stock Option Scheme 2026." Based on the scrutiny report submitted by the appointed Scrutinizer, the company confirmed that the resolution secured the requisite majority support from the shareholders.
The e-voting process saw a total of 132,281,034 votes cast across 128 voting members.
The voting results for the Special Resolution are as follows:
| Particulars | Number of Members Who Voted | Number of Votes | Percentage (%) |
|---|---|---|---|
| Assent (In Favour) | 117 | 132,221,598 | 99.96 |
| Dissent (Against) | 11 | 59,436 | 0.04 |
| Total | 128 | 132,281,034 | 100 |
The detailed voting data provided through the Scrutinizer's Report confirms that the Special Resolution was approved by the shareholders with the necessary majority, allowing the company to proceed with the implementation of the Employee Stock Option Scheme 2026.
SUTLEJTEX Stock Price Movement
Today, Sutlej Textiles and Industries Limited shares slipped by 0.16% to settle at ₹36.3, closing down by ₹0.06. The stock completed its trading day with a notable volume of 33,350 shares traded.Source:
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