One 97 Communications Limited — Board Meeting, 05-12-2024: Outcome of Board Meeting

The Nomination and Remuneration Committee has approved the allotment of 2,44,801 equity shares to eligible employees following the exercise of stock options under the Employee Stock Option Schemes. This allocation includes 2,42,795 shares from the 2019 scheme and 2,006 shares from the 2008 scheme. As a result, the company's issued and paid-up equity share capital has increased from ₹ 637.14 Cr to ₹ 637.38 Cr. This move could enhance employee motivation and retention, impacting operational performance positively.