CreditAccess Grameen Limited has made a regulatory disclosure regarding the allotment of equity shares under its employee stock option plan. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Executive, Borrowings and Investment Committee of the Board of Directors approved the allotment of 24,375 equity shares of ₹10 each to 13 employees who exercised their options under the CAGL Employees Stock Option Plan - 2011.
Of the total allotment, 9,075 equity shares were allotted to Mr. Ganesh Narayanan, who serves as the Managing Director & CEO of the company.
The newly allotted ESOP shares will rank pari-passu with the existing equity shares of the company in all respects, meaning they will have equal rights and privileges as other outstanding shares.
The disclosure was signed by Deepti Ramani, Company Secretary & Compliance Officer, and addressed to both BSE Limited and National Stock Exchange of India Limited for record purposes.