CG Power and Industrial Solutions Limited — Others, 05-12-2024: ESOP/ESOS/ESPS

CG Power has announced a board meeting regarding the allotment of 25,000 equity shares under the Employee Stock Option Plan 2021 (ESOP 2021) to eligible employees at an exercise price of Rs. 156.20 per share. This allocation increases the company’s paid-up equity share capital from Rs. 305.71 crore to Rs. 305.72 crore, now comprising 152.86 crore shares of face value Rs. 2 each.

This move strengthens employee engagement and retention while impacting the overall capital structure. Investors might view this as a positive outlook due to enhanced workforce motivation and potential long-term performance improvements.