NOCIL Limited has announced the allotment of 30,000 equity shares to its senior management personnel on July 16th, 2024. This allotment was made under the company's Employee Stock Option Scheme 2007 (amended) at an exercise price of ₹84.05 per share. These stock options were originally granted on March 16th, 2017.
The company's total equity share capital has now increased to 16,66,75,705 shares with a face value of ₹10 each, resulting in a total capital of ₹166,67,57,050.
This move reflects NOCIL's commitment to rewarding and incentivizing its senior management team while aligning their interests with the company's overall growth and performance. It also demonstrates the company's confidence in its future prospects and its ability to attract and retain top talent.
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