Schneider Electric Infrastructure seeks approval for WESOP, related party deals

Schneider Electric Infrastructure (BSE: SCHNEIDER) has announced a postal ballot to seek shareholder approval for several key resolutions. A primary focus is the implementation of Schneider Electric SE’s Worldwide Employee Share Ownership Plan 2025 (WESOP), which includes provisions for loan assistance to employees for subscribing to Schneider Electric SE shares, as well as employer matching shares. The company's aggregate loan/financial assistance to employee subscribers under the plan will not exceed 5% of Schneider's aggregate paid-up capital and free reserves. Additionally, the company is seeking approval for material related party transactions (RPTs) for the financial year 2025-26 with Schneider Electric IT Business India Private Limited (SEITB), Schneider Electric India Private Limited (SEIPL), and Schneider Electric Industries SAS (SE SAS), with aggregate transaction values up to INR 700 Crores, INR 700 Crores and INR 400 Crores respectively. The e-voting period for the postal ballot commences on March 1, 2025, and concludes on March 30, 2025, with results expected by April 1, 2025. The board has recommended approval of all resolutions.