Madhusudan Masala Limited — Board Meeting, 05-03-2025: Outcome of Board Meeting

Madhusudan Masala Limited has announced a board meeting outcome, approving the formulation and implementation of the Madhusudan Employee Stock Option Scheme-2025 (ESOP-2025) for eligible employees, subject to shareholder approval via postal ballot. The scheme allows for up to 1,00,000 stock options, which can be exercised into an equivalent number of equity shares. The meeting also included the appointment of National Securities Depository Limited (NSDL) as the remote e-voting agency and M/s. Mittal V Kothari & Associates as the scrutinizer for the postal ballot.