Avantel Limited — Others, 01-07-2025: ESOP/ESOS/ESPS

Avantel Limited has announced a board meeting on which approved the allotment of 7,600 equity shares to employees under its ESOP 2023, following the exercise of vested stock options. This issuance raises the total paid-up equity capital to 26.5 crore shares with a face value of Rs.2 each. Shares were allotted at an exercise price of Rs.50 per share. This move reflects the company’s ongoing commitment to employee incentives, potentially aligning employee interests with shareholders and supporting retention.