EPL issues corrigendum clarifying ESOP terms for new global CEO in postal ballot

EPL Limited ( (IN:EPL) ) has provided an announcement.

EPL Limited has issued a corrigendum to its February 23, 2026 postal ballot notice, which seeks shareholder approval via remote e-voting for the appointments of Anand Kripalu as a non-executive, non-independent director and Hemant Bakshi as director, managing director, and global CEO. The revision clarifies that Bakshi’s entitlement under the company’s employee stock option schemes will be capped at the maximum limit for any identified employee and specifies that this includes 19,23,319 stock options already granted, providing greater transparency on his compensation structure for shareholders as they vote on the leadership changes.

The company confirmed that all other terms of the postal ballot remain unchanged and that the corrigendum forms an integral part of the original notice, which is available on the websites of EPL, the stock exchanges, and NSDL. The move underscores EPL’s emphasis on detailed disclosure around board-level appointments and equity-based incentives, aligning governance practices with regulatory requirements and offering investors clearer visibility into the incentives tied to its new global chief executive’s role.

More about EPL Limited

EPL Limited is a packaging solutions company, historically known for manufacturing laminated and specialty packaging tubes for consumer goods, pharmaceuticals, and personal care brands. The company operates globally, serving fast-moving consumer goods players with a focus on innovative, high-barrier packaging formats to support branding, product protection, and regulatory compliance in multiple markets.

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Technical Sentiment Signal: Hold

Current Market Cap: 60.29B INR

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