Thejo Engineering Limited — Others, 13-12-2024: ESOP/ESOS/ESPS

Thejo Engineering Limited has announced a board meeting to approve the allotment of 1,298 equity shares to eligible employees under the Thejo Employees Stock Option Scheme, 2015. This allotment increases the paid-up equity share capital to ₹10,84,52,490, comprising 1,08,45,249 equity shares. The shares were issued at an exercise price of ₹671.75 each, fully paid by the allottees.

This development potentially enhances employee engagement and loyalty, aligning incentives with performance. Investors may view this positively as a sign of commitment to staff welfare, which could strengthen overall corporate governance and operational stability.