NOCIL Limited — Important, 22-11-2024: General Updates

The Nomination and Remuneration Committee of NOCIL Limited has allotted 56,700 equity shares at an exercise price of Rs. 84.05 per share, pursuant to the Company's Employee Stock Option Scheme-2007 for its senior management personnel. Following this allotment, the total number of equity shares will increase to 16,69,60,180, with a total equity capital of Rs. 166,96,01,800. This move may enhance management motivation and align their interests with shareholders, promising a positive outlook for operational effectiveness and strategic cohesion within the company.