Credo Brands Marketing Limited — QIP/Rights/Pref., 04-12-2024: Allotment of Securities

The Nomination and Remuneration Committee of Credo Brands Marketing Limited has approved the allotment of 84,500 equity shares at an exercise price of Rs. 31.35 each under the Credo Stock Option Plan 2020. This increases the company's issued equity share capital from Rs. 130.21 crore to Rs. 130.38 crore. The shares are identical to existing ones and there are no lock-in requirements. This action supports employee incentives and aligns their interests with shareholder value.