Laxmi India Finance ESOP Resolutions Approved with 99.99% Shareholder Support
Laxmi India Finance Limited successfully concluded its postal ballot process with shareholders approving Employee Stock Option Scheme 2023 amendments with overwhelming 99.99% support. The approved resolutions include scheme ratification with up to 20,90,000 options and approval for high-value grants exceeding 1% but not exceeding 4% of issued capital to identified employees during any financial year.
*this image is generated using AI for illustrative purposes only.
Laxmi India Finance Limited has successfully concluded its postal ballot process with shareholders overwhelmingly approving significant amendments to the Employee Stock Option Scheme 2023 (ESOS 2023). The voting results, announced on December 22, 2025, showed remarkable support with 99.99% approval for both proposed resolutions.
Voting Results Overview
The postal ballot process concluded on December 18, 2025, with strong shareholder participation. The voting statistics demonstrate the confidence shareholders have in the company's employee incentive strategy:
| Voting Parameter: | Details |
|---|---|
| Total Shareholders: | 32,085 |
| Total Shares Outstanding: | 5,22,67,875 |
| Votes Polled: | 3,13,09,387 (59.90% of outstanding shares) |
| Votes in Favour: | 99.99% |
| Votes Against: | 0.00% |
Approved Resolutions
Resolution 1: ESOP Scheme Amendments
Shareholders ratified and amended the ESOS 2023 with the following key provisions:
| Scheme Feature: | Details |
|---|---|
| Option Pool: | Up to 20,90,000 options |
| Face Value per Share: | ₹5.00 |
| Maximum Vesting Period: | 4 years from grant date |
| Exercise Period: | Up to 5 years from vesting |
| Minimum Vesting Gap: | 1 year between grant and first vesting |
The scheme covers employees working in India or abroad, including directors (excluding independent directors), but excludes promoters and those holding over 10% of outstanding equity shares.
Resolution 2: High-Value Grant Approval
The second resolution approved granting options exceeding 1% but not exceeding 4% of issued capital to identified employees during any financial year. This provision provides the company flexibility in rewarding key personnel and aligning with competitive market practices.
Implementation Framework
The ESOS 2023 will be directly implemented and administered by the company through its Board/Committee without involving a trust structure. The company plans to use the Fair Value Method for calculating employee compensation costs related to the ESOP.
The scheme will remain in force until all available options are granted and exercised, or the scheme is terminated by the Board. The exercise price will be determined by the Board/Committee but will not be lower than the face value of shares on the grant date.
Scrutinizer's Report
CS Manoj Maheshwari served as the scrutinizer for the postal ballot process. The voting was conducted through electronic means via MUFG Intime India Private Limited's platform. The e-voting period commenced on November 19, 2025, at 9:00 AM and concluded on December 18, 2025, at 5:00 PM.
| Process Details: | Information |
|---|---|
| Service Provider: | MUFG Intime India Private Limited |
| E-voting Platform: | https://instavote.linkintime.co.in |
| Cut-off Date: | November 7, 2025 |
| Notice Dispatch: | November 18, 2025 (via email) |
| Email Recipients: | 30,966 shareholders |
These approved amendments reflect LIFL's commitment to aligning its employee incentive program with current market practices and regulatory requirements post-listing, enhancing the company's ability to attract, retain, and motivate key talent in the competitive financial services landscape.
Historical Stock Returns for Laxmi India Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.79% | -1.27% | -6.46% | -4.91% | -4.91% | -4.91% |
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