Shri Gang Industries & Allied Products Ltd — Important, 13-11-2025: Company Update

Shri Gang Industries and Allied Products Limited's Nomination and Remuneration Committee approved the allotment of 7,50,000 (0.75 Cr) Sweat Equity Shares. These shares, with a face value of INR 10 and an issue price of Rs. 99 per share, were allotted to Mr. Varun Gupta, the Chief Operating Officer and a member of the Promoter Group. This non-cash consideration allotment aims to align the interests of a key executive with the company's long-term growth and recognize his contribution, impacting shareholder structure by increasing promoter-group equity.