Hindustan Foods Limited, a renowned player in the food manufacturing industry, recently concluded the postal ballot process for the approval of its Employee Stock Option Scheme 2025 (HFL ESOS 2025). The special resolution put forth to the shareholders was successfully passed, with the required majority vote through a remote e-voting process.

The company had previously notified shareholders about the postal ballot via its Notice dated March 6, 2025. The e-voting commenced on March 12, 2025, and concluded on April 10, 2025, offering ample time for all shareholders to participate. The voting was conducted in compliance with the guidelines prescribed under Section 110 of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The detailed voting results reflect the overwhelming approval of the HFL ESOS 2025 resolution by the shareholders. In total, 84,780,587 shares were voted, with 97.05% of the votes in favor of the resolution, showcasing strong support from the company’s promoters, institutional investors, and public shareholders alike. The remaining 2.95% of votes were against the proposal.

Notably, the promoters and promoter group, holding 73,109,975 shares, voted unanimously in favor of the scheme, accounting for 100% approval from this category. Similarly, a significant portion of the public institutions and public non-institutions also voted in favor, indicating broad-based support across all shareholder segments.

The approval of the Employee Stock Option Scheme 2025 is a significant step for the company, aiming to incentivize and retain key employees by offering them stock options. The scheme is expected to align the interests of the employees with the long-term objectives of the company, further driving its growth and success.

In line with regulatory requirements, the results of the voting and the Scrutinizer’s Report were shared with the stock exchanges, BSE and NSE, and are also available on the company’s official website. The voting process was conducted under the supervision of Advocate Prashant Sharma, the appointed Scrutinizer, who confirmed that all 205 e-voting responses were valid.

The resolution was approved by shareholders in a fair and transparent manner, adhering to all legal and regulatory obligations. Hindustan Foods Limited is now poised to implement the Employee Stock Option Scheme 2025, which is expected to foster employee engagement and drive the company’s future success.

This approval further highlights the company’s commitment to strong corporate governance practices and ensuring that shareholders are actively involved in key decision-making processes. Hindustan Foods Limited continues to be a leader in its field, fostering innovation and growth while maintaining a high level of transparency and shareholder engagement.

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