Niyogin Fintech has informed that the Nomination & Remuneration Committee of the Board of Directors, via a resolution passed by circulation on June 17, 2022, has issued and allotted 55,436 equity shares of face value Rs 10 each to the eligible employees of the Company who have exercised their stock options granted under the NFL- Employee Stock Option Plan 2018. Further, in terms of Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations, 2014 (SEBI SBEB Regulations), the details of shares allotted as above are given in Annexure A to this intimation. Further, this intimation is in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, however, the Company has clarified that aforesaid allotment of shares is not material in nature to the Company. The said equity shares shall be listed on the stock exchange where the Company's shares are listed.
The above information is a part of company’s filings submitted to BSE.
