Pursuant to Regulation 30 and any other applicable regulation of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Hi-Tech Gears has informed that the Nomination and Remuneration Committee ('NRC Committee') of the Board of Directors of the Company at its meeting held on November 22, 2022, has considered and approved the grant of 449,98 Stock options to Eligible Employees under the 'The Hi-Tech Gears Limited Stock Incentive Plan, 2021'. Each of stock options, entitles the option holder to apply for one equity share of the company of Rs 10 each. The necessary details as required under Regulation 30 of SEBI Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith as Annexure-A.
The above information is a part of company’s filings submitted to BSE.
