Shareholders reject key ESOP resolutions at Gokaldas Exports

Shareholders of Gokaldas Exports rejected four special resolutions related to the company's ESOPs. The resolutions included granting stock options exceeding 1% of equity to the managing director. With 63% support, the resolutions did not meet the required threshold. Advisory firm IiAS recommended voting against these resolutions, suggesting broader employee benefits rather than favoring senior management.

from Stocks-Markets-Economic Times https://ift.tt/3TyI7E9