The Board of Directors of Kansai Nerolac Paints Limited approved the allotment of 75,801 (Seventy-five thousand eight hundred and one) Equity Shares of face value of Re. 1 each fully paid-up on September 24, 2026. The shares were allotted pursuant to exercise of Restricted Stock Units granted under the Kansai Nerolac Paints Limited - Restricted Stock Units Plan, 2022 ("RSU Plan 2022").
Key Details:
- Exercise price per share: Re. 1 each
- Premium per share: Not Applicable
- Total issued shares after this issue: 80,88,54,580 Equity Shares of Re. 1 each
- Total issued share capital after this issue: Rs. 80,88,54,580
- Distinctive number range of shares: 80,87,78,780 to 80,88,54,580
- ISIN Number: INE531A01024 (issued in Demat form)
- The shares are identical in all respects to existing shares and rank pari-passu
- No lock-in restrictions apply to these shares
Regulatory Compliance:
- Disclosure made pursuant to Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
- The RSU Plan 2022 received in-principle approvals 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
- Initial statements filed with Stock Exchanges on 4th November, 2022 and 28th December, 2023
Additional Information:
- No share certificate numbers applicable (demat issuance)
- No listing fees payable for this allotment
- Company Registered Office: 28th Floor, A-wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai - 400 013, India
- Company Identification Number: L24202MH1920PLC000825