This is a regulatory disclosure submitted to the BSE Limited and the National Stock Exchange of India Ltd. regarding the allotment of equity shares under an Employee Stock Option Plan (ESOP).
Key Quantitative Figures
- Number of equity shares allotted: 4,61,384 (Four Lakh Sixty One Thousand Three Hundred and Eighty Four)
- Face value of each share: Re. 1/-
- Pre-allotment paid-up share capital: Rs. 42,84,17,139 (comprising 42,84,17,139 equity shares)
- Post-allotment paid-up share capital: Rs. 42,88,78,523 (comprising 42,88,78,523 equity shares)
- Increase in share capital: Rs. 4,61,384
Parties Involved
- The approving authority was the Nomination and Remuneration Committee of the Board of Directors.
- The letter was signed by Rohit S. Bhase, Company Secretary (ACS: 21409).
Purpose / Rationale
The allotment was made to employees upon the exercise of stock options under the company's Employee Stock Options Scheme(s).
Capital Structure Impact
The issuance of new shares resulted in a dilution of the existing share capital. The total number of issued shares increased by 461,384.