Gokul Agro Resources Charts Future Growth with New ESOP and Key Leadership Reappointment

Gokul Agro Resources Limited, a prominent name in the edible oil sector, has unveiled significant strategic decisions following a recent board meeting. These moves underscore the company's commitment to robust growth, employee empowerment, and stable leadership. The board has given its nod to a comprehensive Employee Stock Option Plan (ESOP) for 2024 and confirmed the reappointment of a key director, setting the stage for the company's ambitious future trajectory.

The newly approved Employee Stock Option Plan 2024 is designed to foster a stronger sense of ownership and engagement among eligible employees.

Under this forward-looking initiative, Gokul Agro Resources plans to offer up to 10 lakh equity shares, each with a face value of Re 1. This opportunity, which will be issued at par, aims to incentivize and reward the dedicated workforce, aligning their long-term interests with the company's success.

The implementation of this ESOP remains contingent on securing the necessary approvals from shareholders and relevant regulatory bodies, ensuring transparency and compliance.

In a move to ensure continuity and capitalize on experienced leadership, the board also reappointed Mr. Hiteshkumar Thakkar as the Whole-Time Director.

Mr. Thakkar's reappointment is for a substantial term of five years, commencing from April 1, 2025, and extending through March 31, 2030. This decision, also subject to the green light from shareholders, reflects the board's confidence in his contributions and strategic vision. It's noteworthy that Mr.

Thakkar currently holds a modest stake of 100 equity shares in the company, representing 0.0001 percent of the total share capital, and maintains no familial relations with other board members, emphasizing independent governance.

Gokul Agro Resources Limited, an integral part of the renowned Gokul Group, stands as a leading player in India's dynamic edible oil industry.

The company is actively involved in the processing, refining, and distribution of a wide array of edible oils, catering to diverse consumer needs across the nation. These strategic decisions — the introduction of an empowering ESOP and the reappointment of a seasoned director — collectively signal Gokul Agro's proactive approach to talent retention, corporate governance, and sustained market leadership.

As the company embarks on its next phase of expansion, these foundational steps are poised to bolster its competitive edge and drive long-term value creation for all stakeholders.