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Power Mech Projects Ltd. ( (IN:POWERMECH) ) has issued an announcement.
Power Mech Projects Limited has announced a postal ballot for shareholders to approve several special resolutions, including the implementation of an Employee Stock Option Plan (ESOP) for 2026. This plan aims to grant stock options to employees of the company and its subsidiaries, potentially enhancing employee engagement and retention. Additionally, the company seeks approval to increase its borrowing powers and create security. These measures are expected to strengthen Power Mech Projects’ operational capabilities and financial flexibility, potentially impacting its market position and stakeholder interests.
More about Power Mech Projects Ltd.
Average Trading Volume: 6,255
Technical Sentiment Signal: Sell
Current Market Cap: 75.95B INR
See more insights into POWERMECH stock on TipRanks’ Stock Analysis page.