The Nomination, Remuneration and Compensation Committee approved the allotment of 1,755 equity shares, each with a face value of Rs. 2, to an Employee Stock Appreciation Rights (ESAR) grantee.

This follows the exercise of vested rights under the company's ESAR Scheme 2022. As a result, the company's issued, subscribed, and paid-up equity share capital will increase from Rs. 9.7991 Cr to Rs. 9.7995 Cr.

This move is a routine part of employee incentive programs, slightly expanding the share capital to reward staff and align their interests with shareholders.