Event Disclosure
The Nomination and Remuneration Committee of the Board of Directors of The Hi-Tech Gears Limited approved the allotment of 6,497 equity shares of ₹10 each to eligible employees of the company. This allotment was made pursuant to the exercise of options under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021" at an exercise price of ₹10 per equity share.
Capital Structure Impact
Post this allotment, the paid-up equity share capital of the company has increased from ₹18,81,35,470 (consisting of 1,88,13,547 equity shares of ₹10 each) to ₹18,82,00,440 (consisting of 1,88,20,044 equity shares of ₹10 each).
Committee Meeting Details
The Nomination and Remuneration Committee meeting commenced at 11:00 AM and concluded at 11:20 AM on July 31, 2026.
Annexure-1 Details (Regulation 10(c) Disclosures)
- Listed on: BSE Limited (BSE) and National Stock Exchange of India Limited (NSE)
- Statement filed under Regulation 10(b) on October 19, 2021 with filing numbers BSE-140396 and NSE-28733
- Security Type: Equity Shares with par value of ₹10 each
- Date of Issue: July 31, 2026
- Number of Shares Issued: 6,497 equity shares
- Distinctive Numbers: From 18813548 to 18820044 (both inclusive)
- ISIN Number: INE127B01011
- Exercise Price: ₹10 per share
- Premium: NIL
- Total Issued Shares After Allotment: 1,88,20,044 equity shares
- Total Issued Share Capital After Allotment: ₹18,82,00,440
- Lock-in Details: Not Applicable
- Share Characteristics: These shares shall rank pari-passu with existing equity shares
- Listing Fees: Not Applicable
Annexure-2 Details (Regulation 30 Disclosures)
- Type of Issuance: Employee Stock Options (ESOPs) under "The Hi-Tech Gears Limited Stock Incentive Plan, 2021"
- Number of Equity Shares: 6,497
- Issue/Exercise Price: ₹10 per share
- Total Amount: ₹64,970