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Keeping it in the family - Newspaper


Ghani Global Holdings Limited a company listed in the ‘’Glass and Ceramics” sector of the Pakistan Stock Exchange (PSX) informed the investors last week that the apex regulator Securities and Exchange Commission of Pakistan (SECP) had approved the Company’s Employee Stock Option Scheme (ESOS). The company said it was allowed to issue shares of Rs10 each representing 15 per cent of its outstanding share capital to its eligible employees under ESOS, 2020, by way of other than right offer.
It raised eyebrows for the concept of ESOS, though fairly normal in the developed world, has forever been avoided by the country’s corporate sector. Discussions with senior officials at several entities revealed that many were not fully familiar with the concept and only a handful could tell the difference between ESOS and the Employees Share Ownership Plan (ESOP). ....

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Carborundum Universal allots 57,444 equity shares under ESOP


Carborundum Universal has allotted 57,444 shares of Re.1/- each arising out of the exercise of stock options, granted to the option grantees of the Company under the Employees Stock Option Scheme 2007 and ESOP Plan 2016 respectively on 10 March 2021.
Consequent to this allotment, the number of equity shares outstanding is 189,572,578 and the paid-up equity share capital is Rs. 189,572,578/-
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