Markolines Pavement Technologies Ltd — Important, 01-10-2025: Company Update

Markolines Pavement Technologies shareholders at their 23rd Annual General Meeting approved key governance items. M/s. Jay Gupta & Associates was re-appointed as the statutory auditor for another five-year term, and M/s. DSM & Associates was appointed as the secretarial auditor for five years. Critically, shareholders also approved an alteration to the company's Articles of Association. This change adds a new clause enabling the company to introduce an Employees Stock Option Scheme (ESOP). This strategic move provides a framework for future ESOP implementation, potentially boosting employee retention and aligning staff incentives with company performance for long-term growth.