Moschip Technologies Ltd

With reference to the above subject we wish to inform you that a meeting of the Board of Directors of MosChip Technologies Limited held today i.e. on Wednesday 25th January 2023 at the Registered office of the Company. Among others the businesses as specified below were transacted at the meeting.1) Approval of un-audited Financial Statements for the Quarter ended 31st December 2022;2) The Nomination & Remuneration Committee of the Board has issued 690212 Employee Stock Options (ESOP) to the eligible employees under existing Stock Options Schemes. 3) The Nomination and Remuneration Committee of the Board of Directors of the Company through Circular Resolution has been approved the allotment of 177993 equity shares of the face value of Rs. 2/- to the employees who have exercised their vested stock options under various MosChip Stock Option Schemes.