Pursuant to the Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Sangam (India) has informed that the Board of Directors of the Company at its meeting held today i.e. Friday, the 17th day of June, 2022 has approved the following: Employees Stock Option Plan for the employees of the Company and its Subsidiary; Issuance of Sweat Equity - 6,25,000 shares to Vinod Kumar Sodani, Executive Director and 5,00,000 Shares to Pranal Modani, Chief Business Strategist of the company. The approval of the Employees Stock Option Plan and Issuance of Sweat Equity shall be subject of approval of the Shareholders in the ensuing General Meeting as per requirements of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and the Companies Act, 2013.
The above information is a part of company’s filings submitted to BSE.
