Onemi Technology Solutions approves ESOP plans for 2019, 2021, 2022
Onemi Technology Solutions received shareholder approval to amend and ratify its Kissht ESOP plans for 2019, 2021, and 2022, and to extend stock option grants to group company employees. The resolutions were passed via remote e-voting between May 29 and June 27, 2026, with the promoter group fully supporting them while public institutions largely opposed the grant extensions. The scrutinizer's report confirmed all six special resolutions were passed with the requisite majority.

*this image is generated using AI for illustrative purposes only.
Onemi Technology Solutions secured shareholder approval for the amendment and ratification of its Kissht Employee Stock Option Plans for 2019, 2021, and 2022, along with the extension of grants to eligible employees of group companies. The resolutions were passed through a remote e-voting process conducted between May 29, 2026, and June 27, 2026. The approvals enable the company to amend existing plans and extend stock options to employees of subsidiaries and associate companies in India and outside India.
The postal ballot notice was dispatched to members on May 28, 2026, with the record date set as May 22, 2026. A total of 38,093 shareholders were on record as of the cut-off date. The voting results were scrutinized by CS Ramadevi Satish Venigalla, a practicing company secretary appointed for the process. The resolutions were passed with the requisite majority, although public institutions voted against several proposals.
The six special resolutions sought approval for the Kissht ESOP 2019, Kissht ESOP 2021, and Kissht ESOP 2022. Each plan required two resolutions: one for the amendment and ratification of the plan itself, and another to ratify the extension of grants to eligible employees of group companies, including subsidiaries and associates. The promoter group voted 100% in favour of all resolutions.
Voting Summary
The table below details the voting outcome for the six special resolutions:
| Resolution Description | Votes In Favor | Votes Against | % In Favor | % Against |
|---|---|---|---|---|
| Amend Kissht ESOP 2019 | 117,842,327 | 12,549,328 | 90.38 | 9.62 |
| Extend Grants Kissht ESOP 2019 | 116,965,089 | 13,426,566 | 89.70 | 10.30 |
| Amend Kissht ESOP 2021 | 116,167,069 | 14,224,673 | 89.09 | 10.91 |
| Extend Grants Kissht ESOP 2021 | 115,289,579 | 15,102,076 | 88.42 | 11.58 |
| Amend Kissht ESOP 2022 | 116,166,900 | 14,224,755 | 89.09 | 10.91 |
| Extend Grants Kissht ESOP 2022 | 115,289,953 | 15,102,059 | 88.42 | 11.58 |
Public institutions showed significant opposition to the resolutions, particularly those concerning the extension of grants. For the Kissht ESOP 2021 grant extension, 59.35% of institutional votes polled were against the resolution. However, public non-institutions voted overwhelmingly in favour, with over 99% support for each resolution. The total votes polled across all resolutions represented approximately 77.39% of the outstanding shares.
The scrutinizer’s report confirmed that all six resolutions were passed with the requisite majority. The company has made the voting results and the scrutinizer’s report available on its website. The approvals are effective as of June 27, 2026, the last date for the receipt of votes.
Historical Stock Returns for OnEMI Technology Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.66% | +13.27% | +13.08% | +49.36% | +49.36% | +49.36% |
How will the significant opposition from public institutions regarding the extension of grants influence Onemi's future governance strategies?
What specific retention strategies does Onemi plan to implement for employees of group companies outside India following this approval?
Will the company consider engaging with institutional investors to address their concerns before proposing similar equity-based compensation in the future?



























