News ArticleAditya Birla Lifestyle Brands Limited Shareholders Approve New Employee Stock Option Scheme 2026
Members passed resolutions on November 2, 2026, approving ESOP scheme for company and its subsidiaries with nearly 98% votes in favor
Aditya Birla Lifestyle Brands Limited's shareholders have approved the adoption of the Employee Stock Option and Performance Stock Unit Scheme 2026, including extending benefits to subsidiary company employees. Votes were cast via postal ballot concluded on November 2, 2026, with approximately 98% approval.
Aditya Birla Lifestyle Brands Limited
Corporate Action
Aditya Birla Lifestyle Brands Limited announced that its shareholders approved the Employee Stock Option and Performance Stock Unit Scheme 2026 through a postal ballot, extending the scheme’s benefits also to employees of subsidiary companies.
The voting was conducted remotely via e-voting from October 4, 2026, to November 2, 2026, with the final approval confirmed on November 2, 2026.
A special resolution approved the adoption of the ‘ABLBL ESOP Scheme 2026’, designed to grant stock options and performance stock units to eligible employees.
Another special resolution authorized extending the ESOP scheme benefits to employees of the company’s subsidiaries, enabling a wider employee base to participate.
The voting results showed strong majority approval, with roughly 98% of votes cast in favor of both resolutions and about 2% against, with no invalid votes reported.
The postal ballot and scrutinizer’s report followed regulations under the Companies Act, 2013 and SEBI Listing Regulations, ensuring a transparent and compliant voting process.
Highlights
- Shareholders approved adoption of Aditya Birla Lifestyle Brands Limited Employee Stock Option and Performance Stock Unit Scheme 2026.
- The ESOP scheme benefits will extend to employees of subsidiary companies as approved by members.
- Remote e-voting concluded on November 2, 2026, with about 98% of votes in favor for each resolution.
- No invalid votes were reported; around 2% of votes were against the resolutions.
- Voting conducted under SEBI Listing Regulations and Companies Act, with results published on company and stock exchange websites.
Key Data Snapshot
What happened
- Aditya Birla Lifestyle Brands Limited shareholders approved two special resolutions via postal ballot concluded on November 2, 2026.
- Resolutions included adoption of the Employee Stock Option and Performance Stock Unit Scheme 2026 and extending the scheme benefits to subsidiary company employees.
- Voting was conducted through remote electronic voting from October 4 to November 2, 2026.
- The approval achieved the requisite majority with approximately 98% votes in favor.
- No invalid votes were recorded during the process.
Key details
- The ESOP scheme 2026 allows the company to grant stock options and performance stock units to employees.
- Extension of benefits to subsidiaries enables participation of a broader employee base.
- Voting followed regulatory requirements under the Companies Act, 2013, SEBI Listing Regulations, and Ministry of Corporate Affairs circulars.
- The scrutinizer certified the e-voting process as fair and transparent.
- Voting results and scrutinizer's report are published on the company's and registrar's websites as well as stock exchanges.
Regulatory and governance context
- The voting and resolutions comply with Section 108 and 110 of Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- Postal ballot notices were sent electronically to members with registered email addresses, as per procedural norms.
- The company engaged MUFG Intime India Private Limited as the electronic voting service provider.
- A public notice was published in English and Marathi newspapers to inform stakeholders about voting procedures and timelines.
Highlights
- Shareholders approved adoption of Aditya Birla Lifestyle Brands Limited Employee Stock Option and Performance Stock Unit Scheme 2026.
- The ESOP scheme benefits will extend to employees of subsidiary companies as approved by members.
- Remote e-voting concluded on November 2, 2026, with about 98% of votes in favor for each resolution.
- No invalid votes were reported; around 2% of votes were against the resolutions.
- Voting conducted under SEBI Listing Regulations and Companies Act, with results published on company and stock exchange websites.
Disclosures
- Companies Act, 2013 Sections 108 and 110
- SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
- MCA Circulars related to e-voting and general meetings
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