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

Shri Gang Industries and Allied Products' Nomination and Remuneration Committee allotted 7,50,000 sweat equity shares to Mr. Varun Gupta, the Chief Operating Officer and a member of the Promoter Group. These shares were issued for non-cash consideration at an issue price of Rs. 99 per share, against a Fair Market Value of INR 97.86 per share. This move aims to align executive interests with company performance. Post-allotment, Mr. Gupta holds 7,50,000 shares, representing 3.38% of the fully diluted equity share capital.