One 97 Communications Limited — Others, 05-12-2024: ESOP/ESOS/ESPS

One 97 Communications Limited has announced a board meeting to approve the allotment of 2,44,801 equity shares, reflecting the exercise of stock options by employees under its ESOPs. This allotment will increase the company's paid-up equity share capital from ₹ 637.14 crore to ₹ 637.38 crore. The shares were issued as part of the Employee Stock Option Scheme 2019 and 2008, providing employees with an incentive and aligning their interests with shareholder value. This move could enhance investor sentiment by showcasing employee engagement and potential for future growth.