Firstsource Solutions Limited has completed the allotment of 35,619 equity shares under its Employee Stock Option Plan 2019 on March 11, 2026. The company informed the stock exchanges about this corporate action in compliance with regulatory requirements.

ESOP Allotment Details

The allotment was executed pursuant to the exercise of stock options granted under the company's ESOP 2019 Plan. The Trustees of Firstsource Employee Benefit Trust approved the allotment at 12.09 p.m. on March 11, 2026.

Regulatory Compliance

The company has notified both the National Stock Exchange of India Limited and BSE Limited about the share allotment. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates listed companies to inform stock exchanges about material events and corporate actions.

The communication was signed by Pooja Nambiar, Company Secretary, from the company's Mumbai office located at Athena Towers, Mindspace Malad, Goregaon (W). The allotment represents the exercise of employee stock options under the structured ESOP 2019 Plan, which allows eligible employees to acquire equity shares in the company.

Firstsource Solutions Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for critical board appointments and directorship continuations. The notice, dated March 11, 2026, addresses regulatory compliance requirements under SEBI Listing Regulations regarding directors serving beyond the age of 75 years.

Key Resolutions for Shareholder Approval

The company has proposed three special resolutions requiring member approval through the postal ballot process:

E-Voting Timeline and Process

The company has established a structured timeline for the postal ballot process with Central Depository Services (India) Limited (CDSL) facilitating the electronic voting system:

Director Profiles and Qualifications

Dr. Rajiv Kumar brings extensive experience as the Chairman of Pahle India Foundation and former Vice Chairman of NITI Aayog. He holds a Ph.D in Economics from Lucknow University and a D.Phil from Oxford University. His career spans academia, government, industry, and multilateral institutions, including roles at ICRIER, Asian Development Bank, and various government positions. Dr. Kumar will attain 75 years of age on July 6, 2026, necessitating shareholder approval for his continued service.

Mr. Paras Kumar Chowdhary, aged 74 years, is a science graduate with over 45 years of experience in strategies, finance, sales, and marketing. He has served in senior management positions including Managing Director at CEAT Limited and President & Whole-time Director of Apollo Tyres Limited. Currently, he serves as Director on boards of CEAT Limited, RPG Enterprises Limited, and other companies. He will attain 75 years of age on October 1, 2026.

Regulatory Compliance Requirements

The postal ballot addresses Regulation 17(1A) of SEBI Listing Regulations, effective from April 1, 2019, which mandates shareholder approval through special resolution for appointment or continuation of Non-Executive Directors beyond 75 years of age. The company has engaged Mr. T. R. Ravichandran of M/s. TRR & Associates as Scrutinizer to ensure fair and transparent voting process.

Communication and Accessibility

In compliance with MCA circulars, the postal ballot notice is being sent electronically to members whose email addresses are registered with Depository Participants. The notice is available on the company's website at https://www.firstsource.com/ , stock exchange websites, and CDSL's e-voting platform at www.evotingindia.com . Members can inspect related documents electronically by contacting the company at specified email addresses.