Management Change28 Jul 2026, 02:11 pm
Deep Industries Appoints COO as Senior Managerial Personnel; Approves ESOP
AI Summary
Deep Industries Ltd announced the appointment of Mr. Rajeev Kumar Sinha, Chief Operating Officer, as Senior Managerial Personnel effective August 1, 2026. The Board also approved the un-audited financial results for the quarter ended June 30, 2026, and took note of the Limited Review Report. Additionally, the company fixed August 21, 2026, as the record date for its final dividend for FY 2025-26, subject to shareholder approval. The Board also approved alterations to the Articles of Association to facilitate employee stock option schemes and adopted the Deep Employee Stock Option Scheme 2026, proposing to grant 15,00,000 options to eligible employees.
Key Highlights
- COO Rajeev Kumar Sinha appointed Senior Managerial Personnel from August 1, 2026.
- Un-audited financial results for Q1 FY27 approved.
- Record date for final dividend set as August 21, 2026.
- New ESOP scheme approved, proposing 1.5 million options.
- Articles of Association altered to enable share-based employee benefits.
Price Impact
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