Moschip Technologies Ltd.

MosChip Technologies has informed that the Nomination & Remuneration Committee in its meeting held today on Wednesday 25th January, 2023, at the Registered office of the Company has been approved the allotment of 1,77,993 equity shares of the face value of Rs 2 to the employees who have exercised their vested stock options under various company’s Stock Option Schemes. In this regard, it has enclosed the details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The said shares will rank with the existing shares of the Company in all respect. Consequent to the above allotment the total number of equity shares of the Company has increased from 166,138,090 to 166,315,883 shares.

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