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of <h1>SEBI Guidelines 1999: ESOS Needs Shareholder Approval, Special Resolution Required for Options Exceeding 1% Issued Capital Annually.</h1> Under the SEBI Guidelines, 1999, an Employee Stock Option Scheme (ESOS) requires shareholder approval via a special resolution in a general meeting. The notice must detail the number of options, eligible employee classes, vesting requirements, exercise price, and period, among other specifics. Companies must disclose valuation methods and impacts on profits if using intrinsic value for employee compensation. Separate resolutions are needed for granting options to subsidiary or holding company employees or when options equal or exceed 1% of the issued capital in a year.
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