The Board of Directors of Kansai Nerolac Paints Limited approved the allotment of 64,309 (Sixty-four thousand three hundred and nine) Equity Shares of face value of Re. 1 each fully paid-up, pursuant to exercise of Restricted Stock Units granted under the Kansai Nerolac Paints Limited - Restricted Stock Units Plan, 2022 ("RSU Plan 2022").
Key Details:
- Number of shares allotted: 64,309 Equity Shares
- Face value: Re. 1 each
- Exercise price per share: Re. 1 each (issued at par value)
- Premium per share: Not Applicable
- Total issued shares after this issue: 80,87,78,779 Equity Shares of Re. 1 each
- Total issued share capital after this issue: ₹80,87,78,779
- Date of issue: 23rd July, 2026
- Distinctive number range: 80,87,14,471 to 80,87,78,779
- ISIN Number: INE531A01024
- The shares are identical in all respects to existing shares and rank pari-passu
- No lock-in restrictions apply to these shares
Regulatory Compliance:
- Compliance with Regulation 30 (read with Schedule III Part A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Compliance with Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- RSU Plan initially filed with references to company's letters dated 14th September, 2022 and 27th October, 2022
- In-principle approvals obtained from both exchanges:
- BSE: DCS/IPO/TL/ESOP-IP/2556/2022-23 dated 14th November, 2022 and DCS/IPO/TL/ESOP IP/3044/2023-24 dated 25th January, 2024
- NSE: NSE/LIST/33185 dated 15th November, 2022 and NSE/LIST/39196 dated 25th January, 2024
Company Information:
- Company Secretary: G. T. Govindarajan
Additional Announcements:
No additional corporate announcements were included in this filing beyond the ESOP allotment disclosure.