Jaro Institute of Technology Management and Research Limited has completed the allotment of 2,352 equity shares to eligible employees under its Employee Stock Option Plan 2022. The Board of Directors approved this allotment through a resolution passed on March 25, 2026, as part of the company's employee incentive program.

Share Allotment Details

The allotted shares carry specific characteristics and pricing structure that reflect the company's ESOP framework:

The allotment encompasses shares from two distinct ESOP grants: ESOP Grant 1 dated May 02, 2022, and ESOP Grant 2 dated July 27, 2024. Notably, the total includes 480 bonus shares allocated as tag rights for ESOP Grant 1, following the shareholders' approval of bonus share issuance in a 1:3 ratio on May 24, 2024.

Impact on Share Capital

Following this ESOP allotment, the company's equity structure has been updated with the following changes:

The newly allotted shares are identical to existing shares in all respects and carry no lock-in restrictions. The company has issued these shares in dematerialized form, eliminating the need for physical share certificates.

Regulatory Compliance

Jaro Education has fulfilled its disclosure obligations under multiple regulatory frameworks. The company filed the required statement under Regulation 10(b) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 with both BSE and NSE on November 13, 2025. The filing numbers assigned were 248846 for BSE and 51901 for NSE.

The shares are listed on both BSE Limited (Script Code: 544534) and National Stock Exchange of India Limited (NSE Symbol: JARO). The company has confirmed that no listing fees are payable for this allotment, and the shares will trade alongside existing equity shares without any restrictions.

Jaro Institute of Technology Management and Research Limited has formally announced the completion of its postal ballot process, with shareholders providing unanimous approval for all four special resolutions. The company submitted the results to BSE Limited and National Stock Exchange of India Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot was conducted for 73,339 total members as on the record date of January 23, 2026. The voting period extended from January 25, 2026 at 09:00 A.M. (IST) to February 23, 2026 at 05:00 P.M. (IST), utilizing remote e-voting exclusively through Bigshare Services Pvt. Ltd.

Resolution Results and Voting Analysis

All four special resolutions achieved 100.00% approval rates when rounded to two decimal places, demonstrating exceptional shareholder confidence in the company's strategic initiatives.

Shareholder Participation Details

The postal ballot witnessed strong participation from different shareholder categories. The promoter and promoter group, holding 12,703,262 shares, demonstrated complete participation with 100.0000% voting rate. Public non-institutional shareholders showed 1.1673% participation with 92,852 votes polled for the first three resolutions and 92,836 votes for the director re-appointment.

Employee Stock Option Plan 2026

Shareholders approved three interconnected resolutions related to the Jaro Education Employee Stock Option Plan 2026. The resolutions covered the establishment of the ESOP scheme, authorization for secondary acquisition of equity shares, and enabling company loans for share purchases by trustees for employee benefit. Each resolution received identical voting results with 12,795,994 votes in favor and 120 votes against.

Director Re-appointment

The re-appointment of Mr. Ishan Baveja (DIN: 07251062) as an Independent Director was approved with 12,796,034 votes in favor and 64 votes against. The scrutinizer noted that one member voted differently across resolutions, resulting in slightly different vote counts for this resolution.

Regulatory Compliance and Documentation

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. Himanshu Gajra & Co, Company Secretaries served as the scrutinizer, appointed on January 21, 2026. The company published advertisements in Free Press Journal (English) and Navshakti (Marathi) newspapers to ensure proper notification.

The results and scrutinizer's report have been made available at the company's registered office and hosted on the company's website at https://www.jaroeducation.com/ and Bigshare Services Pvt. Ltd.'s website at https://ivote.bigshareonline.com . The formal communication was signed by Sanjay Namdeo Salunkhe, Managing Director (DIN: 01900632) and submitted to both stock exchanges.