Try GOLD - Free
Shareholders nix Gokaldas Esop plan
Mint Kolkata
|January 23, 2025
Apparel maker Gokaldas Exports' plan to reward its top executive with a generous stock grant has been blocked by the company's institutional shareholders, more than half of whom voted against the resolution enabling its latest employee stock option plan (Esop).
According to disclosures made late Monday evening, the company's four resolutions submitted for shareholder ratification last month were defeated.
One of the resolutions concerned granting stock options in excess of 1% of the company's issued capital to managing director Sivaramakrishnan Ganapathi. Data show that over 37% of shareholder votes were against this special resolution, which required a minimum 75% approval to be ratified.
This story is from the January 23, 2025 edition of Mint Kolkata.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Kolkata
Mint Kolkata
Space startups eye revenue build-up, investors bullish
Investors see funding opportunities with high returns to grow as cos start pulling revenue
2 mins
December 18, 2025
Mint Kolkata
Trump orders blockade of sanctioned oil tankers in and out of Venezuela
U.S. president's announcement escalates pressure on the country's leader, Nicolás Maduro
4 mins
December 18, 2025
Mint Kolkata
Speciale Invest set to launch ₹1,600-crore deeptech fund
Fund will issue $5-8 million cheques, with rounds up to $20 million alongside 2-3 investors
3 mins
December 18, 2025
Mint Kolkata
6 GHz showdown: Jio questions Meta’s $3 tn value-creation math
from telecom auctions in the 6GHz band, based the estimates of the Global System for Mobile Communications Association.
1 mins
December 18, 2025
Mint Kolkata
Wingify eyes acquisitions for growth after Everstone deal
Digital experience optimization startup Wingify is increasingly using acquisitions to accelerate its next phase of growth, aiming to attract enterprise clients.
2 mins
December 18, 2025
Mint Kolkata
Punjab plans EV sops in new industrial policy as states compete for capital
The electric vehicles (EV) sector is expected to take centre stage in Punjab, as the state lines up an expanded package of incentives to attract fresh investments under the new industrial policy that is likely to be launched in January.
2 mins
December 18, 2025
Mint Kolkata
Coverage challenge
Can India's insurance sector help mobilize more long-term capital? How much of a differ- ence will the Centre's proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make?
1 min
December 18, 2025
Mint Kolkata
Mind the gaps: Why India's GDP measurement requires a reset
Next year's base revision offers us a chance to improve data accuracy and five reform measures should help achieve that goal
4 mins
December 18, 2025
Mint Kolkata
Let reforms spur India's corporate bond market
This segment of the debt market has been crying out for help. A Niti Aayog report makes yet another attempt to usher in policy changes that are dearly needed for this worthy objective
2 mins
December 18, 2025
Mint Kolkata
Adulteration war may spur premium dairy boom in cities
A renewed crackdown on adulterated dairy products, combined with a shift among urban consumers towards farm-to-table food, is reshaping the dairy market in the world's largest producer of milk.
1 mins
December 18, 2025
Listen
Translate
Change font size