EPL Limited Publishes Newspaper Advertisement for Postal Ballot Corrigendum
EPL Limited published newspaper advertisements in Business Standard and Navshakti on March 21, 2026, regarding the corrigendum to its postal ballot notice for director appointments. The corrigendum clarifies stock option provisions for Managing Director Mr. Hemant Bakshi, specifying limits under Employee Stock Option Schemes including 19,23,319 already granted options.
*this image is generated using AI for illustrative purposes only.
EPL Limited has published newspaper advertisements regarding the corrigendum to its postal ballot notice, ensuring regulatory compliance and wider shareholder communication. The company filed this update on March 21, 2026, following its earlier corrigendum dated March 20, 2026.
Newspaper Publication Details
The corrigendum advertisement was published in leading newspapers to ensure maximum reach among shareholders:
| Publication Details | Information |
|---|---|
| Publication Date | March 21, 2026 |
| English Newspaper | Business Standard (All India Editions) |
| Regional Newspaper | Navshakti (Mumbai Edition - Marathi) |
| Website Availability | www.eplglobal.com |
Postal Ballot Overview
The original postal ballot notice dated February 23, 2026, seeks shareholder approval for three critical appointments:
| Position | Candidate | Director ID | Effective Date | Term |
|---|---|---|---|---|
| Non-Executive, Non-Independent Director | Mr. Anand Kripalu | 00118324 | April 1, 2026 | Liable to retire by rotation |
| Director | Mr. Hemant Bakshi | 02362738 | January 1, 2026 | Liable to retire by rotation |
| Managing Director & Global CEO | Mr. Hemant Bakshi | 02362738 | January 1, 2026 | Five years |
Key Modification in Corrigendum
The corrigendum specifically addresses Item No. 3 regarding Mr. Hemant Bakshi's appointment as Managing Director & Global Chief Executive Officer. The modification clarifies the employee stock options provision, which previously stated that Mr. Bakshi would be entitled to participate in employee incentive plans at the Board's discretion.
The updated provision now specifies that Mr. Bakshi's stock option entitlements will be subject to the maximum limit specified in the Employee Stock Option Scheme 2020/2025. Importantly, this limit includes the 19,23,319 stock options already granted to Mr. Bakshi under the existing Employee Stock Option Scheme 2020 and Employee Stock Option Scheme 2025.
Voting Process and Timeline
The remote e-voting process operates exclusively through electronic means, with the following schedule:
| Parameter | Details |
|---|---|
| Voting Period Start | February 25, 2026, 9.00 A.M. (IST) |
| Voting Period End | March 26, 2026, 5.00 P.M. (IST) |
| Cut-off Date | February 20, 2026 |
| Service Provider | National Securities Depository Limited (NSDL) |
Shareholders who have already cast their votes prior to receiving the corrigendum can modify their voting decisions by emailing the scrutinizer at dilipbcs@gmail.com before the voting deadline.
Document Availability
The corrigendum and original postal ballot notice are available on multiple platforms for shareholder access:
- Company website: www.eplglobal.com
- BSE Limited: www.bseindia.com
- National Stock Exchange: www.nseindia.com
- NSDL e-voting platform: www.evoting.nsdl.com
The corrigendum forms an integral part of the postal ballot notice and must be read in conjunction with the original document. All other contents of the February 23, 2026 postal ballot notice remain unchanged except for the specific modification outlined in the corrigendum.
Historical Stock Returns for EPL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.21% | +3.67% | -10.35% | -13.07% | -6.01% | -10.77% |
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