Frog Cellsat Limited — Others, 06-08-2025: ESOP/ESOS/ESPS
06-08-2025 | 12:30 pm
06-08-2025 | 12:30 pm
Frog Cellsat's Board has allotted 25,400 equity shares to employees under its ESPS 2023 at an exercise price of Rs. 10 per share. This issuance boosts the company's paid-up share capital from Rs. 15.53 Cr to Rs. 15.55 Cr. The newly allotted shares are subject to a one-year lock-in period. This enhances employee ownership, aligning interests with shareholder value and acting as a retention mechanism. It signifies ongoing execution of employee benefit schemes.
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