Sanjay Shah, CMD of Prudent Corporate Advisory Services, has gifted equity shares worth Rs 34 crore to 650 employees and personal staff as a token of gratitude.
The share gift involves 175,000 equity shares, representing 0.4% of Shah's stake in the company.
The move has received necessary approvals from SEBI, enabling the share distribution.
Shah's gesture has been widely praised as a significant example of corporate recognition and appreciation.