Frog Cellsat Limited — Others, 21-01-2025: ESOP/ESOS/ESPS

Frog Cellsat Limited has announced a board meeting to finalize the allotment of 46,650 equity shares under the Employee Stock Purchase Scheme 2023 (ESPS 2023) at an exercise price of Rs. 10. This follows previous allotments of 60,400 shares and 46,650 shares in late 2023 and mid-2024, respectively. The company's paid-up share capital will increase from Rs. 15.48 crore to Rs. 15.52 crore. This share allocation, which will be locked in for one year, is likely to enhance employee motivation and aligns with the company's strategic objectives. Investor sentiment may remain positive, reflecting strong management decisions supporting employee engagement.