Dr. Reddy's Laboratories Limited has made a regulatory disclosure regarding the allotment of equity shares pursuant to the exercise of employee stock options.
Key Quantitative Figures
- Number of shares allotted: 4,110 equity shares
- Face value per share: Re. 1/- each
- Exercise price per share: Re. 1/- per share
- Premium per share: Nil
- Total issued shares after allotment: 83,46,80,910 equity shares
- Total issued share capital after allotment: ₹83,46,80,910/-
- Distinctive numbers: 834675801 to 834679910
Parties Involved
- Beneficiaries: Eligible employees
Scheme Details
- ESOP Scheme: Dr. Reddy's Employees Stock Option Scheme, 2002
- Security type: Equity Shares
- Share characteristics: The newly allotted shares rank pari passu with existing shares in all respects
Capital Structure Impact
The allotment results in a minor increase in the company's share capital. The total paid-up capital after this issue stands at 83,46,79,910 equity shares of Re. 1 each, aggregating to ₹83,46,79,910/-. The discrepancy of 1,000 shares between the total issued shares (83,46,80,910) and total paid-up capital (83,46,79,910) is due to forfeited shares of Re. 1/- each in September 1988 on account of non-payment of allotment money.
Additional Information
- No lock-in restrictions apply to the allotted shares
- No listing fees are payable for this allotment
- The company's shares are listed on BSE Limited, National Stock Exchange of India Limited, New York Stock Exchange Inc. (ADRs), and NSE IFSC Limited (ADRs)