Board Approval Details

The Board of Directors approved the allotment by way of Circular Resolution passed on October 6, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Allotment Details

  • Number of shares allotted: 9,290 Equity Shares
  • Face value: ₹2 per share
  • Exercise price: ₹168 per share (inclusive of premium of ₹166 per share)
  • The allotted shares will rank pari passu with existing equity shares

Capital Structure Impact

  • Pre-allotment issued capital: ₹19,57,59,060 (9,78,79,530 equity shares of ₹2 each)
  • Post-allotment issued capital: ₹19,57,77,640 (9,78,88,820 equity shares of ₹2 each)
  • Capital increase: ₹18,580

Financial Details

  • Total money realized from exercise of options: ₹15,60,720
  • Distinctive number range of shares allotted: 97879530 to 97888820

Additional Information

  • The scheme is in terms of SEBI (SBEB) Regulations, 2021
  • No lock-in period applies to the allotted shares
  • No listing fees payable
  • The information will be hosted on the company's website at https://gandharoil.com/investorrelations/other-announcement-intimations/

Historical Reference

The statement referred in regulation 10(b) of SEBI Regulations was filed with:

  • National Stock Exchange of India Limited on October 16, 2024 (Filing No. 44689)
  • BSE Limited on October 16, 2024 (Filing No. 214099)