Susan Electricals shareholders approve ESOP plan and director appointment
- Shareholders approved ESOP plan for 204,000 options with 100% vote support
- Mr. Charan Singh appointed as Non-Executive, Non-Independent Director
- ESOP benefits extended to employees of group companies and subsidiaries
- Voting turnout reached 77.73% of total outstanding shares
- Promoters voted 100% of their 13.6 million shareholding
*this image is generated using AI for illustrative purposes only.
Susan Electricals shareholders approved the company's employee stock option plan and a new board appointment during an Extra-Ordinary General Meeting (EGM) held on September 3, 2026. The resolutions passed with unanimous support from all voting shareholders.
The meeting, conducted via video conferencing, saw 15,803,275 shares voted in favor of all three special resolutions, representing 77.73% of the total outstanding shares of 20,330,795. There were zero votes against any resolution and no invalid votes recorded.
Key Resolutions Passed
Members voted to approve the Susan Electricals India Limited-Employees Stock Option Plan, 2026. Under this framework, the company is authorized to create and grant up to 204,000 Employee Stock Options. Each option is exercisable into one fully paid-up equity share with a face value of ₹10.
Additionally, shareholders approved extending the benefits of the ESOP scheme to employees of the holding company, subsidiaries, associates, and group companies. This extension covers both existing and future entities within the corporate structure.
The third resolution appointed Mr. Charan Singh as an Additional Director. He assumes the role of Non-Executive and Non-Independent Director on the board.
| Resolution Detail | Type | Status |
|---|---|---|
| Approval of SEIL ESOP 2026 | Special Resolution | Passed |
| Extension of ESOP benefits to group companies | Special Resolution | Passed |
| Appointment of Mr. Charan Singh as Director | Special Resolution | Passed |
Voting Breakdown
Voting participation varied across shareholder categories. Promoters and the promoter group held 13,615,535 shares and voted 100% of their holdings. Public institutions held 800,880 shares, with 85,000 votes polled (10.61% participation). Public non-institutions held 5,914,380 shares, casting 2,102,740 votes (35.55% participation).
| Shareholder Category | Shares Held | Votes Polled | Participation % |
|---|---|---|---|
| Promoter and Promoter Group | 13,615,535 | 13,615,535 | 100.00% |
| Public - Institutions | 800,880 | 85,000 | 10.61% |
| Public - Non Institutions | 5,914,380 | 2,102,740 | 35.55% |
| Total | 20,330,795 | 15,803,275 | 77.73% |
Meeting Proceedings
Mr. Vishal Jain, Managing Director and Chairman, chaired the proceedings. He highlighted the company's recent listing on the BSE SME Platform on June 18, 2026, as a significant milestone preceding this shareholder engagement. The meeting commenced at 3:00 pm and concluded at 3:35 pm.
Mrs. Reshma Shukla, Company Secretary and Compliance Officer, conducted the meeting in compliance with Ministry of Corporate Affairs circulars. The quorum was present, allowing for the transaction of business as per the Companies Act, 2013.
Voting was conducted through remote e-voting via NSDL from August 31, 2026, to September 2, 2026. Members attending the virtual meeting who had not voted remotely were permitted to cast their votes electronically during the session. The votes were scrutinized by Mr. Deepak Chauhan, appointed as the Scrutinizer.
Historical Stock Returns for Susan Electricals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.11% | -0.61% | -5.85% | +137.80% | +137.80% | +137.80% |
How might the dilution from the 204,000 ESOP grants impact Susan Electricals' earnings per share (EPS) and existing shareholder value in the near term?
What specific performance metrics or vesting schedules are attached to the new ESOP scheme to ensure employee retention and alignment with long-term corporate goals?
How does the appointment of Mr. Charan Singh as a Non-Executive Director influence the company's governance structure and strategic decision-making processes?
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