Netweb Technologies India informs about allotment of ESOP

20 Jul 2024 Evaluate
Netweb Technologies has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company vide its resolution dated Saturday 20th, 2024, has approved an allotment of 936 Equity shares of Rs 2 each to the eligible employee of the Company pursuant to the exercise of options under ‘Netweb Employee Stock Option Plan, 2023’ at the exercise price of Rs 2 per equity share. Further informed that, post allotment, the paid-up equity share capital of the Company has increased from Rs 11,27,31,736 consisting of 5,63,65,868 equity shares of Rs 2 each to Rs 11,27,33,608 consisting of 5,63,66,804 equity shares of Rs 2 each. The Nomination and Remuneration Committee meeting commenced at 10:30 AM and concluded at 10.45 AM. They are in the process of completing other formalities w.r.t issue and listing of the said shares and will file the necessary documents with the exchange shortly for seeking the listing and trading approvals. The detailed disclosure required in terms of Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and pursuant to Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Circular No. SEBI/H0/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure-1 and Annexure-2 respectively.

The above information is a part of company’s filings submitted to BSE.

Netweb Technologies Share Price

1915.55 15.35 (0.81%)
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Company Name CMP
Netweb Technologies 1915.55
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