Susan Electricals shareholders approved the company's employee stock option plan during an Extra-Ordinary General Meeting (EGM) held on September 3, 2026. The meeting, conducted via video conferencing, also saw the appointment of a new non-executive director.

The special resolutions passed by members included the approval of 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.

Key Resolutions Passed

The EGM addressed three primary items of special business. Members voted in favor of 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.

Additionally, shareholders approved the appointment of Mr. Charan Singh as an Additional Director. He assumes the role of Non-Executive and Non-Independent Director on the board.

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.

Susan Electricals India Limited will host a virtual group meeting with institutional investors and analysts on September 4, 2026, at 2:00 pm IST.

The company disclosed the schedule under Regulation 30(6) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The session will feature presentations by Emergent Capital and Nuvama PCG Research.

Meeting Details

The intimation was issued on September 1, 2026, and signed by Reshma Shukla, Company Secretary and Compliance Officer.

Disclosure Note

The company stated that no unpublished price-sensitive information will be shared during the meetings. The schedule is subject to change based on analyst or company requirements. The full intimation is available on the company’s investor relations website.