The Hi-Tech Gears has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company vide its resolution dated January 09, 2024, has approved allotment of 10,186 Equity shares of Rs 10 each to the eligible employees of the Company pursuant to the exercise of options under ‘The Hi-Tech Gears Limited Stock Incentive Plan, 2021’ at the exercise price of Rs 10 per equity share. Further informed that, post allotment, the paid-up equity share capital of the Company has increased from Rs 18,76,80,000 consisting of 1,87,68,000 equity shares of Rs 10 each to Rs. 18,77,81,860 consisting of 1,87,78,186 equity shares of Rs 10 each. The Nomination and Remuneration Committee meeting commenced at 01:00 PM and concluded at 03:30 PM.
The above information is a part of company’s filings submitted to BSE.
