Novus Loyalty Board Approves ESOP, Capital Hike, and Dubai Subsidiary

Novus Loyalty Ltd's Board of Directors met on August 3, 2026, approving several key initiatives. These include the adoption of the "Novus Loyalty Employee Stock Option Plan 2026" (ESOP 2026), subject to shareholder and regulatory approvals. The Board also approved an increase in the company's authorized share capital from ₹18 crore to ₹21 crore, pending shareholder approval. Additionally, the company will establish a wholly-owned subsidiary in Dubai to support business growth and expansion. An Extra-Ordinary General Meeting (EGM) is scheduled for September 3, 2026, to obtain member approval for these matters. Mr. Ashish Kumar was appointed as a Non-Executive, Independent Director for a five-year term.