Manorama Industries Limited
Approval Details
The Nomination and Remuneration Committee of the Board of Directors approved the allotment via circular resolution passed on July 03, 2026. The allotment is made under the "MIL ESOP 2021" (Manorama Industries Limited Employee Stock Option Plan 2021) in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Share Allotment Details
- Number of shares allotted: 12,500 equity shares
- Face value: ₹2 per share
- Exercise price per share: ₹236.20
- Premium per share: ₹234.20
- Date of issue: July 03, 2026
- Lock-in period: 1 year from date of allotment (until July 03, 2027)
- Share certificate number: Not applicable
Capital Structure Impact
Post-allotment, the issued and paid-up equity share capital increased to:
- Total capital: ₹12,62,44,780 (Twelve Crore Sixty Two Lakhs Forty Four Thousand Seven Hundred Eighty)
- Total shares: 6,31,22,390 equity shares of ₹2 face value each
The newly allotted shares will rank pari-passu with existing equity shares of the company.
Regulatory Approvals
The company has received in-principle approval for these shares from:
- BSE Limited: Letter no. DCS/FL/MJ/ESOP-IP/1625/2021-22 dated November 02, 2021
- National Stock Exchange of India Limited: Letter no. NSE/LIST/40102 dated March 26, 2024