Purple Wave Infocom Limited has announced its 01st Extraordinary General Meeting (EGM) for the Financial Year 2026-27, scheduled to be held on Saturday, May 9, 2026 at 2:00 PM through Video Conferencing. The meeting aims to seek shareholder approval for key resolutions related to employee stock option plans and their extension to group companies.

Employee Stock Option Plan 2026

The primary agenda involves approval of the Purple Wave Infocom Limited Employee Stock Option Plan 2026 (PWIL ESOP 2026). The plan encompasses comprehensive provisions for employee incentivization and retention through equity participation.

The ESOP plan targets permanent employees of the company, including directors (excluding independent directors), with the objective to attract, retain, and motivate key talent while aligning employee interests with company growth. The Nomination and Remuneration Committee will administer the scheme with authority to determine eligibility criteria, vesting conditions, exercise price, and other terms.

Extension to Group Companies

The second resolution seeks approval to extend PWIL ESOP 2026 benefits to employees of associate, holding, and subsidiary companies, whether existing or future, incorporated in India or overseas. This extension falls within the overall ceiling of 4,00,000 options approved under the main scheme.

Key features of the group company extension include:

• Coverage of employees from associate, holding, and subsidiary companies
• Same terms and conditions as the main ESOP plan
• Equity shares arising from option exercise to rank pari passu with existing shares
• Board authorization for identifying eligible employees and determining conditions

Meeting and Voting Details

The EGM will be conducted through Video Conferencing in compliance with Ministry of Corporate Affairs guidelines. Remote e-voting facilities will be provided through Central Depository Services (India) Limited (CDSL).

Shareholders can participate through VC/OAVM with facility available for at least 1,000 members on first-come-first-served basis. Large shareholders holding 2% or more, promoters, institutional investors, directors, and key managerial personnel can attend without restrictions.

Technical and Administrative Provisions

The company has appointed SONIYA GUPTA AND ASSOCIATES, Practicing Company Secretary, as scrutinizer for the voting process. Results will be declared within 2 working days of the EGM conclusion and communicated to stock exchanges as per Regulation 44(3) of SEBI LODR Regulations.

Members attending through VC/OAVM are advised to ensure stable internet connectivity and use updated browsers. The facility for proxy appointment is not available for this EGM, though corporate representatives can attend and vote through e-voting systems.

Strategic Objectives

The ESOP plan aligns with Purple Wave Infocom's strategy to create long-term wealth for stakeholders while fostering employee ownership culture. The scheme aims to reward employees for their association, dedication, and contribution to company goals while supporting sustained growth through value creation and shareholder alignment.

The maximum number of options granted to any employee during one year shall not exceed one percent of issued capital without prior shareholder approval through special resolution. Exercise price will be based on market price one day before the committee meeting approving option grants, ensuring fair valuation aligned with market conditions.

Purple Wave Infocom Limited issued a corrigendum on April 10, 2026, correcting a typographical error in its earlier board meeting outcome disclosure. The correction pertains to the term of appointment for the company's newly appointed Secretarial Auditor, addressing an inadvertent mistake in the original submission to BSE Limited.

Correction Details

The company clarified that Ms. Soniya Gupta's appointment as Secretarial Auditor is for Financial Year 2025-26, not Financial Year 2026-27 as erroneously mentioned in the original board meeting outcome. The corrigendum was submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Original Board Meeting Decisions

The board meeting held on April 10, 2026, from 5:00 P.M. to 6:00 P.M., had approved several key decisions including the appointment of Ms. Soniya Gupta as Secretarial Auditor and her additional role as Scrutinizer for the upcoming Extra-Ordinary General Meeting.

Auditor Profile and Qualifications

Ms. Soniya Gupta, Proprietor of M/s Soniya Gupta and Associates, brings comprehensive expertise to her role. She holds Fellowship of the Institute of Company Secretaries of India (FCS), serves as an Insolvency Professional (IP), and possesses a law degree (LL.B). Her firm maintains Peer Reviewed status with Certificate No. 1548/2021.

Professional Credentials

Regulatory Compliance

The corrigendum was signed digitally by Shivani Gupta, Company Secretary & Compliance Officer (Membership No. A56157), ensuring proper documentation and regulatory compliance. All other contents of the original board meeting outcome dated April 10, 2026, remain unchanged except for the corrected auditor appointment term.

The company's proactive approach in issuing the corrigendum demonstrates commitment to accurate disclosure and regulatory compliance under SEBI (LODR) Regulations, 2015. The correction ensures stakeholders have precise information regarding the secretarial auditor's appointment term.