Chemfab Alkalis expands stock scheme amid director resignation

Chemfab Alkalis Limited allotted 4,000 equity shares at INR 97.83 each under its employee stock options scheme, increasing paid-up share capital to INR 14.37 crore.

The board approved expanding the scheme from 400,000 to 500,000 total options available to employees.

Non-executive director C.S. Ramesh resigned, prompting reconstitution of audit, remuneration, CSR and stakeholders relationship committees.