Intellect Design Arena Limited — Others, 26-05-2025: Shareholders meeting

Intellect Design Arena has announced a board meeting to approve two key items via postal ballot. Shareholders re-appointed Mr. Abhay Anant Gupte as an Independent Director for a second five-year term. Significant changes to the Associate Stock Option Plan (ASOP 2011) were also approved, introducing new grant types with vesting tied to performance targets or specific events. Around 54% of shares participated in voting, showing strong backing for the director’s reappointment but mixed opinions on the stock option changes, highlighting differing shareholder views on incentives.