Greaves Cotton Limited — Others, 29-07-2025: ESOP/ESOS/ESPS

Greaves Cotton's Nomination and Remuneration Committee has approved the allotment of 51,850 new equity shares. These shares, with a face value of Rs. 2 each, were issued to employees who exercised their stock options under the Greaves Cotton – Employee Stock Option Plan 2020. The exercise price was also Rs. 2 per share, bringing in Rs. 1,03,700. As a result, the company's Issued, Subscribed, and Paid-up Capital has increased to Rs. 46.57 crore. This move rewards employees, aligning their long-term incentives with the company's performance and slightly expands the equity base.