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Credo Brands Marketing Limited has announced an allotment of 59,600 equity shares of Rs. 2 each to eligible employees under its Credo Stock Option Plan 2020, increasing its paid-up equity share capital to Rs. 13.07 Cr. The shares were issued at an exercise price of Rs. 31.35 per share and are identical to existing shares. This move reflects ongoing employee incentivization, aligning staff interests with shareholders and supporting long-term value creation.