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Route Mobile has announced a board meeting regarding the allotment of 34,885 equity shares under the Employee Stock Option Plan 2017. This issuance increases the company's paid-up capital from ₹62.96 crore to ₹62.99 crore, reflecting an increase in the total number of shares to 6,29,97,582.
This share allotment is part of the company’s strategy to reward and retain talent. It suggests a commitment to employee engagement which may positively influence productivity and morale. Investors may view this as a positive outlook, as it indicates the company’s focus on long-term growth and strengthening its workforce.