Swaraj Engines Limited has announced the allotment of equity shares to its employees under the company's Employee Stock Option Scheme-2015. The allotment was approved through a circular resolution by the Nomination and Remuneration Committee on December 19, 2025.

Share Allotment Details

The company has allotted shares to eligible employees who exercised their stock options under the established ESOP framework. The allotment demonstrates the company's commitment to employee participation in its growth through equity ownership.

Regulatory Compliance

Swaraj Engines Limited has informed both BSE Limited and National Stock Exchange of India Limited about this share allotment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The company communicated the allotment details to the respective listing departments of both exchanges.

Employee Stock Option Scheme

The Employee Stock Option Scheme-2015 allows eligible employees to acquire equity shares of the company, aligning their interests with shareholders and providing them with an opportunity to participate in the company's long-term value creation. The recent allotment represents the exercise of options by employees who met the eligibility criteria under the scheme.

The share allotment was processed for employees who exercised their stock options, reflecting the ongoing implementation of the company's employee incentive program established in 2015.

Swaraj Engines Limited has successfully completed its postal ballot process, with shareholders approving the appointment of Mr. Gaganjot Singh as a Non-Executive Director. The company announced that the resolution passed with 99.53% of votes in favor, demonstrating strong shareholder support for the proposed appointment.

Postal Ballot Results and Voting Details

The postal ballot process was conducted with a cut-off date of November 7 for determining eligible shareholders. The remote e-voting commenced on November 12 at 9:00 AM IST and concluded on December 11 at 5:00 PM IST, providing shareholders with nearly a month to cast their votes.

Resolution Approval and Vote Distribution

The ordinary resolution for appointing Mr. Gaganjot Singh (DIN: 09301803) as a Non-Executive Director received overwhelming support from shareholders across all categories. The voting results demonstrated strong confidence in the proposed appointment.

A total of 2,877 shareholders participated in the voting process, with 55,24,231 votes cast in favor and only 29,996 votes against the resolution. This represents an approval rate of 99.53% of the total votes polled.

Scrutinizer Confirmation and Compliance

Mr. Ajay K. Arora, Practicing Company Secretary, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors in their meeting held on October 16. The scrutinizer confirmed that the voting process was conducted in accordance with the provisions of Sections 108 and 110 of the Companies Act, 2013, and other applicable regulations.

The scrutinizer's report, dated December 12, validated the entire e-voting process conducted through the National Securities Depository Limited (NSDL) platform. The report confirmed that the resolution was passed with the requisite majority and all procedural requirements were fulfilled.

Corporate Governance and Regulatory Compliance

The postal ballot was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed all prescribed guidelines for remote e-voting, ensuring transparency and fairness in the process. The appointment of Mr. Gaganjot Singh as a Non-Executive Director will strengthen the company's board composition and governance structure. Swaraj Engines has confirmed that all relevant information regarding the postal ballot results has been disclosed on its website and the NSDL e-voting platform for stakeholder reference.