JNK India Limited — Others, 14-11-2024: ESOP/ESOS/ESPS

JNK India Limited has announced a board meeting to approve the allotment of 1,66,500 equity shares at a face value of Rs. 2 each as part of its Employees Stock Option Plan 2022. This increase in share capital raises the total issued and paid-up capital to Rs. 11,15,74,830, consisting of 5,57,87,415 shares. The newly allotted shares will be under lock-in until April 30, 2025. This move may boost employee morale and alignment with shareholder interests, signaling a positive outlook for long-term growth potential and employee retention.