Jubilant FoodWorks shareholders approve CEO pay increase, employee stock option scheme

Jubilant FoodWorks Limited announced the results of its postal ballot, confirming shareholder approval for six special resolutions on October 1, 2025. A significant resolution involved increasing the managerial remuneration limit for Sameer Khetarpal, chief executive and managing director, up to 10% of the company's net profits for the remainder of his tenure. This resolution passed with 99.4489% of votes in favor.

Shareholders also approved the JFL Employees Stock Option Scheme 2025 (ESOP 2025), allowing for the granting of stock options to employees and directors of current and future unlisted holding and subsidiary companies. This resolution received 89.1248% votes in favor. Further approvals included the implementation of ESOP 2025 through the JFL Employees Welfare Trust (89.5718% in favor), authorization for secondary acquisition by the trust (89.5677% in favor), and provision of money by the company to the trust (89.5750% in favor).

The total number of shareholders as of the record date (August 22, 2025) was 343,016. Overall, the postal ballot outcomes reflect strong shareholder support for the proposed management and employee incentive initiatives.