S Chand And Company Limited — Important, 06-01-2025: General Updates

The Board of Directors has allotted 41,296 equity shares of ₹5 each under the Employees Stock Option Plans (ESOPs). This includes 11,834 shares from the 2012 plan and 29,462 shares from the 2023 scheme. Following this allotment, the paid-up equity share capital increases to ₹176.29 crore.

Additionally, the company plans to incorporate a new wholly-owned subsidiary focused on the printing business to enhance operational efficiency. A corporate guarantee has been approved for New Saraswati House (India) Private Limited, securing a cash credit facility of ₹20 crore from State Bank of India, up from the previous ₹10 crore. This financial support aligns with the strategic expansion efforts of the subsidiary and is expected to bolster overall company operations. Shareholders should monitor these developments closely for potential growth opportunities.