
Board Meeting12 Aug 2026, 08:50 pm
Variman Global Approves ESOPs, Reappoints MD & Directors
AI Summary
Variman Global Enterprises Limited held a board meeting on August 12, 2026, where they approved un-audited financial results for the quarter ended June 30, 2026. The company also granted 50,00,000 Employee Stock Options under the VGEL ESOS-2025 scheme at an exercise price of ₹1. Key management reappointments were made: Mr. Sirish Dayata as Managing Director for 3 years from Oct 1, 2026; Mr. Praveen Dyta and Mr. Raja Pantham as Whole-Time Directors for 3 years each; and Mr. Rama Chandra Chelikam as Independent Director for 5 years. The board also approved the Directors' Report for FY 2025-26 and the notice for the 32nd Annual General Meeting.
Key Highlights
- Approved un-audited financial results for Q1 FY27.
- Granted 50,00,000 Employee Stock Options at ₹1 exercise price.
- Reappointed MD and two Whole-Time Directors for 3-year terms.
- Reappointed Independent Director for a 5-year term.
- Approved Directors' Report and notice for the 32nd AGM.
Price Impact
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