Headline: NITCO Limited Allots 56,000 Equity Shares Under ESOP Plan

NITCO Limited has announced the successful allotment of 56,000 equity shares, each with a face value of ₹10, following the exercise of Employee Stock Options (ESOPs) as part of its Employee Stock Option Plan (ESOP) 2019. This decision, approved by the Board of Directors on October 31, 2025, reflects the company's commitment to rewarding its employees and enhancing their stake in the company's growth.

With this allotment, NITCO’s issued, subscribed, and paid-up equity share capital has increased from ₹379,06,01,050 to ₹379,11,61,050. The total number of equity shares now stands at 22,91,16,105, alongside 15,00,00,000 preference shares. The funds raised from this exercise amount to ₹22,14,800, excluding taxes.

The ESOPs were granted to eligible employees and vested according to the schedule set by the Nomination and Remuneration Committee. This initiative not only incentivizes employees but also aligns their interests with those of shareholders, fostering a culture of ownership and accountability within the organization.

For those interested in the specifics, the exercise price per share was set at ₹39.55, with a premium of ₹29.55. All shares issued are identical to existing shares and rank pari-passu in all respects.

This move highlights NITCO's strategic approach to employee engagement and retention, ensuring that employees feel valued and motivated to contribute to the company’s success.

For more information, visit [NITCO's official website](http://www.nitco.in).

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