Allied Blenders and Distillers Limited — Board Meeting, 24-12-2024: Outcome of Board Meeting

Allied Blenders and Distillers Limited has announced a board meeting where the board approved the "ABD Employee Stock Option Scheme 2024." This scheme allows for the grant of up to 1.39 crore employee stock options to eligible employees, with a specific allocation to Mr. Alok Gupta, the Managing Director, receiving options equal to at least 1% of the issued capital. The scheme is subject to shareholder approval and other necessary regulatory clearances. This initiative aims to enhance employee engagement and align interests with the company's performance.