AGM/EGM7 Aug 2026, 02:09 pm
Novus Loyalty Ltd to Hold EGM on Sep 3, 2026
AI Summary
Novus Loyalty Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for September 3, 2026. The EGM will address three key special businesses: approval to increase the authorized share capital from ₹18 Crores to ₹21 Crores, approval of the Novus Loyalty Employment Stock Option Plan 2026 (ESOP 2026) allowing for up to 15,00,000 stock options, and approval for establishing a wholly-owned subsidiary in Dubai, UAE. The notice, dated August 6, 2026, details the resolutions and compliance with relevant Companies Act and SEBI regulations. The meeting will be held at the company's registered office in Gurugram.
Key Highlights
- EGM scheduled for September 3, 2026, to discuss special business.
- Proposal to increase authorized share capital by ₹3 Crores.
- Approval sought for ESOP 2026, potentially issuing 15 lakh equity shares.
- Plan to establish a wholly-owned subsidiary in Dubai, UAE.
- Notice dated August 6, 2026, sent electronically to members.
Price Impact
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