Back
Corporate News
Novus Loyalty approves stock option plan, increases capital, and appoints director
03-Aug-2026, 06:52
Novus Loyalty Limited, formerly Novus Loyalty Pvt. Ltd., announced that its board of directors approved the adoption of the “Novus Loyalty Employee Stock Option Plan 2026,” increasing the authorized share capital from Rs 18 crore to Rs 21 crore, and convening an Extraordinary General Meeting on September 3, 2026, to obtain shareholder approval. The board also appointed Ashish Kumar as an independent director for a five-year term and approved the incorporation of a wholly-owned subsidiary company in Dubai to support business growth.
Novus Loyalty Limited, formerly Novus Loyalty Pvt. Ltd., announced that its board of directors approved the adoption of the “Novus Loyalty Employee Stock Option Plan 2026,” increasing the authorized share capital from Rs 18 crore to Rs 21 crore, and convening an Extraordinary General Meeting on September 3, 2026, to obtain shareholder approval. The board also appointed Ashish Kumar as an independent director for a five-year term and approved the incorporation of a wholly-owned subsidiary company in Dubai to support business growth.