Eveready Industries India Limited has announced a comprehensive postal ballot notice seeking shareholder approval for strategic employee compensation initiatives and corporate governance amendments. The company has issued the notice dated February 5, 2026, addressing three significant resolutions that will shape its employee engagement and organizational structure.

Key Resolutions for Shareholder Approval

The postal ballot encompasses three critical resolutions requiring shareholder consent through remote e-voting. The company has structured these proposals to enhance employee participation and align organizational objectives with individual performance metrics.

Employee Stock Option Plan 2026 Details

The proposed 'Eveready Industries India Limited Employee Stock Option Plan 2026' represents a significant initiative to reward and retain talent. The plan offers substantial benefits to eligible employees and directors while maintaining regulatory compliance.

ESOP Plan Specifications

The plan targets specific employee categories including designated employees working in India or abroad, directors (excluding promoters), and employees of group companies. The Committee will determine eligibility based on performance appraisal, seniority, service period, and potential contribution to company growth.

Articles of Association Amendment

The first resolution proposes inserting Article 11A to enable the company to issue equity shares for employee stock options and share-based benefits. This amendment provides necessary flexibility to implement employee compensation schemes in compliance with the Companies Act, 2013 and SEBI regulations.

The proposed article authorizes directors to issue equity shares to officers, employees, workers, and directors as determined by the Board or designated committee. The amendment ensures regulatory compliance while enabling future employee benefit programs.

Executive Director Remuneration Revision

The third resolution addresses the remuneration structure of Mr. Bibek Agarwala, Executive Director and Chief Financial Officer. The proposal includes stock options in his compensation package for the remaining tenure from April 1, 2026 to August 4, 2029.

Current Remuneration Structure

Mr. Agarwala brings over 25 years of experience in business and finance transformation, having worked with prominent corporate houses including Essel Group, Raymond Lifestyle, and Dabur Group.

Voting Process and Timeline

The company has established a comprehensive remote e-voting framework to facilitate shareholder participation. Members whose names appear in the Register of Members as of February 6, 2026 (cut-off date) are eligible to vote.

E-Voting Schedule

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facilities. Shareholders can access the voting platform through the NSDL website at www.evoting.nsdl.com or through their respective depository participant portals.

Regulatory Compliance and Documentation

All proposed resolutions comply with applicable provisions of the Companies Act, 2013, SEBI regulations, and listing requirements. The company has made relevant documents available for inspection at its registered office between 10:00 AM and 12:00 Noon on working days until the last date of remote e-voting.

The postal ballot notice is available on the company's website at www.evereadyindia.com and on stock exchange websites where the company's shares are listed. The initiative demonstrates Eveready Industries' commitment to enhancing employee engagement while maintaining transparent corporate governance practices.

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Eveready Industries India Ltd has completed a significant property divestment, entering into a definitive agreement for the sale of its Noida facility. The transaction, valued at ₹251.55 crore, represents a strategic asset monetization move by the battery and lighting solutions company.

Transaction Overview

The company has agreed to sell and transfer its leasehold rights for land and structures located at B1 & B2, Sector 80, Noida, Uttar Pradesh. The agreement was finalized on February 11, 2026, following board approval communicated in an earlier intimation dated February 5, 2026.

Buyer Details and Transaction Structure

The property has been sold to two entities: NewGen Enterprise LLP and Gupta Infra Property Solutions LLP. Importantly, both buyers are independent parties with no connection to Eveready's promoter group or associated companies, ensuring the transaction maintains arm's length characteristics.

The deal does not qualify as a related party transaction, providing transparency and regulatory compliance. The transaction is structured as a straightforward asset sale outside any scheme of arrangement, requiring standard regulatory approvals for completion.

Financial Impact and Property Contribution

The Noida property contributed ₹15.10 crore to the company's operations during the last financial year, representing approximately 1% of Eveready's annual turnover. This relatively modest contribution suggests the divestment aligns with the company's focus on core business operations while unlocking significant capital value.

Regulatory Compliance and Timeline

The transaction has been disclosed under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026. The company expects to complete the sale by September 30, 2026, subject to obtaining requisite regulatory approvals.

Eveready Industries has made the transaction details available on its corporate website at www.evereadyindia.com , ensuring transparency for stakeholders and investors. The substantial transaction value of ₹251.55 crore represents a significant capital infusion opportunity for the company's future growth initiatives.