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JB Chemicals & Pharmaceuticals has allotted 23,003 new equity shares of Re. 1 each to employees who exercised their stock options under the company's ESOP scheme. This move generated Rs. 1.40 Cr for the company. Consequently, the total issued and paid-up capital has increased from 15,63,18,001 shares to 15,63,41,004 shares. This exercise is a routine part of employee incentive programs, leading to a minor increase in share count and an inflow of funds.
All announcements from JB Chemicals & Pharmaceuticals Limited