BlackBuck Allots 1.11 Lakh Equity Shares to Employees Under ESOP Schemes

BlackBuck Limited has allotted 1,10,715 equity shares to eligible employees under its Employee Stock Option Schemes. The Nomination and Remuneration Committee of the Board of Directors approved this allotment through a circular resolution.

Share Allotment Details

The company has allotted equity shares under two separate ESOP schemes to identified employees. The allotment was completed with shares having a face value of Re. 1 each, issued as fully paid-up equity shares.

Parameter	Details
Total Shares Allotted	1,10,715 equity shares
Face Value	Re. 1 per equity share
ESOP 2016 Allotment	64,216 shares
ESOP 2019 Allotment	46,499 shares
Distinctive Numbers	181171517-181282231 (both inclusive)

Impact on Share Capital

Following this allotment, the company's issued, subscribed and paid-up equity share capital has increased significantly. The shares allotted under both ESOP schemes will rank pari-passu with existing equity shares of the company.

Capital Structure	Before Allotment	After Allotment
Paid-up Share Capital	₹18,11,71,147	₹18,12,81,862
Total Issued Shares	18,11,71,147	18,12,81,862
Capital Increase	-	₹1,10,715

Regulatory Compliance and Scheme Details

The share allotment complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. BlackBuck Limited operates under two active ESOP schemes - the Employee Stock Option Scheme 2016 and the Employee Stock Option Scheme 2019.

Key compliance aspects include:

Regulatory Framework: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Lock-in Period: No lock-in restrictions applicable on allotted shares
Share Rights: All allotted shares rank pari-passu with existing equity shares
ISIN Code: INE0UIZ01018 for dematerialized shares

BlackBuck Limited has informed both the National Stock Exchange of India Limited and BSE Limited about this allotment as required under regulatory provisions. The company's shares are listed on both NSE (Symbol: BLACKBUCK) and BSE (Scrip Code: 544288), ensuring transparency and compliance with stock exchange listing requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.31%	+1.18%	-2.76%	-3.93%	-61.57%	-55.69%

One MobiKwik Systems Limited has issued a postal ballot notice dated December 22, 2023, seeking shareholder approval for a key board appointment through remote e-voting. The fintech company is proposing the appointment of Mr. Radhakrishnan Nair as Non-Executive Independent Director for a five-year term.

Director Appointment Details

The company seeks to appoint Mr. Radhakrishnan Nair (DIN: 07225354) as Non-Executive Independent Director, who was initially appointed as Additional Director on December 17, 2023. The proposed appointment requires special resolution approval from shareholders.

Parameter	Details
Appointment Term	December 17, 2023 to December 16, 2028
Annual Remuneration	₹17.00 lakh
Sitting Fees	₹1.00 lakh per Board/Committee meeting
Director Category	Non-Executive Independent Director
Age	70 years

Professional Background

Mr. Nair brings extensive experience spanning over 40 years in banking, capital markets, and insurance sectors. His career highlights include:

Started banking career with Corporation Bank in August 1976
Served as General Manager handling Recovery Management, Legal Services, and Credit Risk Management divisions
Worked as Managing Director of Corporation Bank Securities Limited
Executive Director at Securities and Exchange Board of India (SEBI) from July 2005
Member (Finance and Investment) at Insurance Regulatory and Development Authority of India (IRDAI) from March 2010

Educational Qualifications

Mr. Nair holds comprehensive academic credentials including:

Bachelor of Law from Delhi University
Master of Science from Delhi University
Master in Business Administration (Financial Management) from IGNOU, New Delhi
Post Graduate Diploma in Securities Law from Government Law College, Mumbai

E-Voting Process

The company has engaged National Securities Depository Limited (NSDL) for facilitating remote e-voting. The voting process details are:

Voting Parameter	Timeline
Voting Commencement	December 23, 2023 at 9:00 AM (IST)
Voting Conclusion	January 21, 2024 at 5:00 PM (IST)
Cut-off Date	December 19, 2023
Results Declaration	Within 2 working days of conclusion

Regulatory Compliance

The appointment aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. Notably, since Mr. Nair will attain 75 years during his fifth year of tenure, the special resolution approval will also constitute compliance with Regulation 17(1A) of SEBI Listing Regulations for continuing directorship beyond 75 years.

Company Financial Performance

As disclosed in the explanatory statement, the company's financial performance for FY2022-23 shows:

Financial Metric	Amount (₹ million)
Revenue from Operations	11,639.79
Other Income	304.02
Total Income	11,943.81
Total Expenses	12,714.54
Net Loss	(1,223.66)

The postal ballot notice has been sent electronically to eligible shareholders whose email addresses are registered with the company's registrar MUFG Intime India Private Limited and depositories. The resolution, if approved, will be deemed passed on January 21, 2024.

One MobiKwik Systems is seeking member approval via postal ballot for appointing Radhakrishnan Nair as Independent Director with ₹17.00 lakh annual remuneration. The e-voting period runs from December 23, 2023 to January 21, 2024.