Chemfab Alkalis Limited — Important, 31-07-2025: General Updates

Chemfab Alkalis' board approved allotting 4,000 ESOP shares at ₹97.83, boosting paid-up capital by ₹40,000. More significantly, they've amended the ESOP scheme. The total option pool has expanded to 500,000 shares. New options will vest 100% in one year, and future exercise price will be the *lower* of 'Market Price minus 50%' or ₹500, potentially leading to substantial dilution at a deep discount. Additionally, a non-executive director resigned, leading to a reconstitution of key board committees.