Board Meeting27 Jul 2026, 06:40 pm
Novus Loyalty Board to Consider ESOP, Dubai Subsidiary, Share Capital Hike
AI Summary
Novus Loyalty Ltd has announced a Board of Directors meeting scheduled for August 3, 2026. The agenda includes considering and approving a proposed Employee Stock Option Plan (ESOP), establishing a wholly-owned subsidiary in Dubai to facilitate business growth, and increasing the authorized share capital from ₹18 Crore to ₹20 Crore. The company will also seek member approval for these proposals via an Extraordinary General Meeting. This move signals a strategic focus on employee incentives, international expansion, and capital enhancement.
Key Highlights
- Board meeting scheduled for August 3, 2026.
- Proposals include ESOP, Dubai subsidiary, and share capital increase.
- Authorized share capital to rise from ₹18 Cr to ₹20 Cr.
- Expansion into Dubai to support business growth.
- Seeking member approval for key corporate actions.
Price Impact
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