CCL Products (India) Limited has disclosed the exercise of employee stock options under its ESOP scheme. The disclosure is made pursuant to Regulation 10 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Quantitative Figures
- Number of equity shares exercised: 40,656
- Face value per share: ₹2
- Total value of shares issued: ₹81,312 (40,656 shares × ₹2)
- Exercise price per share: ₹2
- Premium per share: Nil
- Total issued shares after this issue: 13,35,27,920 (unchanged)
- Total issued share capital after this issue: ₹26,70,55,840 (unchanged)
- Distinctive number range: 133198357 to 133239012
Parties Involved
- Issuing Company: CCL Products (India) Limited
- Corporate Office: 8-2-269/4A, Road No. 2, Banjara Hills, Hyderabad-500034, Telangana, India
- Stock Exchanges: National Stock Exchange of India Limited (NSE) and BSE Limited (BSE)
- CCL Employees Trust (established for implementing the scheme)
- Eligible employees of the company
- Sridevi Dasari, Company Secretary & Compliance Officer
Scheme Details
- Security type: Equity shares
- Shares issued in demat form (no physical certificates)
- No lock-in restrictions applicable
- Shares identical in all respects to existing shares
Financial Impact
No change in the paid-up share capital of the Company subsequent to the transfer. The allotted shares rank pari-passu with the existing shares of the Company.
Additional Information
- No listing fees payable
- The shares were exercised upon completion of the applicable vesting period under the scheme
- The disclosure includes all required details as per Regulation 10(c) of SEBI regulations