Institutional holding in Khadim India is 15.3% and during a recently conducted postal ballot, they all voted against granting 9.45 lakh shares under the Employee Stock Option Plan for 2021 to the employees and also against granting stock options to Chief Executive Officer Namrata Ashok Chotrani.
Yet, the two proposals were passed as the balance shareholders voted in favor – 82% of total votes were in favor.
In March earlier this year, Executive Chairman & MD, Siddhartha Burman, recently bought Rs.175k worth of Khadim’s stock, for Rs.175 per share. Promoter holding currently stands at 61.07%.
The market is happy that the voting went in favor of the company as the price remained firm throughout. The stock price today rose over 3% to Rs.163 while its 52-week high is at Rs.187.