Shaily Engineering Plastics Limited — Important, 12-03-2025: General Updates

The Nomination and Remuneration Committee has approved the allotment of 2,416 equity shares under the Shaily Employee Stock Option Plan 2019. These shares, with a face value of Rs. 2 each, were allotted to eligible employees at the same exercise price. Following this allotment, the company’s issued and paid-up equity share capital has increased to Rs. 9,19,10,186, comprising 4,59,55,093 equity shares. The proceedings from the exercise amounted to Rs. 4,832. This development reflects the company's ongoing commitment to incentivizing employees, which can bolster employee morale and retention. Positive outlook for employee engagement initiatives as the company expands its workforce benefits.