More than 75% of the shareholders who voted on the ESOP proposal supported the resolution, as disclosed by the company on Monday evening. The company announced that the shares issued would be valued at over Rs 3,000 crore, based on the stock’s closing price on Monday.

Following this, the company has withdrawn its application with the Reserve Bank of India to register as a non-banking financial company (NBFC). Zomato decided not to pursue its lending or credit business any further, as stated in a separate filing on Tuesday.

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This move by the food delivery aggregator has elicited mixed reactions from its customers. Some admire the initiative, seeing it as a sign of Zomato’s concern for its employees’ well-being. However, others criticize the decision, arguing that afternoon hours are a peak time for food orders. This group believes Zomato should focus on improving working conditions for its employees instead of asking customers to limit their orders.

Overall, the post has garnered significant attention and sparked discussions about the impact of the heatwave on employees’ working conditions and potential ways to improve the situation.

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