Monika Alcobev Limited Announces Postal Ballot for ESOS-2026 and Independent Director Appointments

Monika Alcobev Limited has announced a postal ballot notice dated February 18, 2026, seeking shareholder approval for four key resolutions including the implementation of an Employee Stock Option Scheme and appointment of Independent Directors. The company has engaged National Securities Depository Limited to facilitate remote e-voting for all eligible shareholders. Employee Stock Option Scheme 2026 The primary focus of the postal ballot is the approval of "Monika Alcobev Employee Stock Option Scheme 2026 (ESOS-2026)", which aims to reward eligible employees and directors for their contributions to the company's growth. The scheme encompasses comprehensive provisions for stock option grants across the organization and its affiliated entities. Parameter: Details Total Options: Up to 10,00,000 equity shares Face Value: Rs. 10/- per share Vesting Period: Minimum 1 year, maximum 7 years Exercise Period: Maximum 5 years from vesting date Beneficiaries: Company employees and group entities The second resolution extends the ESOS-2026 benefits to employees and directors of holding companies, subsidiary companies, associate companies, and group companies, both present and future. This expansion maintains the same ceiling of 10,00,000 equity shares for the combined scheme across all entities. Independent Director Appointments The company proposes to appoint two experienced professionals as Independent Directors through ordinary resolutions. Both appointments are for five-year terms and represent significant additions to the board's expertise. Director Details: Mr. Ghanshyam Vijaykumar Vyas Mr. Samir Kumar Das DIN: 11386659 09645179 Age: 67 years 57 years Qualification: Chartered Accountant, B.Sc. Hons. B.A., Diploma in Electrical Engineering, CAIIB Experience: 40+ years in audit and taxation 26+ years in financial services Term Period: November 24, 2025 to November 23, 2030 November 24, 2025 to November 23, 2030 Mr. Vyas brings extensive experience as a Chartered Accountant with expertise in statutory audits, tax audits, and international assignments in Mauritius and Nigeria. He currently serves as Proprietor of M/s. G. V. Vyas & Co. and Partner at M/s. H. Rajen & Co. Mr. Das contributes significant financial services leadership experience across prominent institutions including SBI, ICICI Bank, Axis Bank, Tata Capital, and Aditya Birla Finance. His expertise spans governance, risk management, credit operations, and insolvency resolution under the Bankruptcy Code. Voting Process and Timeline The company has established a comprehensive e-voting framework to ensure shareholder participation in the decision-making process. All communications will be conducted electronically in compliance with Ministry of Corporate Affairs circulars. Voting Schedule: Details Cut-off Date: Friday, February 13, 2026 E-voting Start: Saturday, February 21, 2026 at 9:00 a.m. (IST) E-voting End: Sunday, March 22, 2026 at 5:00 p.m. (IST) Results Declaration: On or before Tuesday, March 24, 2026 Scrutinizer: Mr. Aditya Agrawal / Mr. Rajat Mundra Shareholders whose names appear in the register of members or beneficial owners as of the cut-off date and have registered email addresses will be eligible to participate in the e-voting process. The company has appointed M/s. Agrawal Mundra & Associates as scrutinizers to ensure fair and transparent conduct of the postal ballot. Regulatory Compliance and Documentation The postal ballot notice complies with Section 110 of the Companies Act, 2013, SEBI Listing Regulations, and relevant Ministry of Corporate Affairs guidelines. The company will make all necessary disclosures regarding the ESOS-2026 implementation and maintain appropriate accounting policies as prescribed by regulatory authorities. The resolutions, if approved by requisite majority, will be deemed passed on March 22, 2026, the last date of e-voting. Results will be communicated to BSE Limited and published on the company's website along with NSDL's platform for stakeholder access. Source: Monika Alcobev Limited has announced a board meeting scheduled for February 12, 2026, to deliberate on significant corporate matters including the introduction of an employee stock option scheme. The company has formally notified BSE Limited about the upcoming meeting in compliance with regulatory requirements. Board Meeting Agenda The board meeting will address several key items as outlined in the company's official communication: Agenda Item Details ESOP Scheme Adoption Consider and adopt "Monika Alcobev Employee Stock Option Scheme – 2026" Postal Ballot Notice Approve draft notice for shareholder approval of ESOP Scheme-2026 Additional Matters Any other business items as deemed necessary Regulatory Compliance and Approvals The proposed Employee Stock Option Scheme-2026 will require multiple levels of approval before implementation. The scheme is subject to shareholder approval through postal ballot process and must comply with SEBI (Share Based Employee Benefit & Sweat Equity Shares) Regulations, 2021. The company will also need to secure approvals from other applicable regulatory authorities as required by law. Corporate Communication Details The formal intimation was issued on February 06, 2026, bearing reference number MAL-SEC/28/2025-26. Company Secretary and Compliance Officer Kalpesh Ramina signed the communication, ensuring compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Next Steps Following the board meeting approval, the company will proceed with the postal ballot process to obtain shareholder consent for the ESOP Scheme-2026. The draft postal ballot notice will be finalized during the February 12 meeting, setting the stage for formal shareholder voting on the proposed employee benefit scheme. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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