Paramount Communications Limited has made a regulatory disclosure regarding the allotment of equity shares under its employee stock option plan. The disclosure is made pursuant to Regulation 10(c) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Quantitative Figures
- Number of shares allotted: 31,995 Equity Shares
- Face value per share: ₹2
- Exercise price per share: ₹5.00
- Premium per share: ₹3.00
- Pre-allotment share capital: ₹65,44,14,956 (32,72,07,478 Equity Shares)
- Post-allotment share capital: ₹65,44,78,946 (32,72,39,473 Equity Shares)
- Increase in share capital: ₹63,990
Capital Structure Impact
The allotment has increased the company's issued, subscribed and paid-up share capital. The distinctive number range for the allotted shares is 327207479-327239473. The ISIN number for the shares is INEO74B01023.
Share Characteristics
The newly allotted shares will rank pari-passu with the existing equity shares of the company. There are no lock-in restrictions applicable to these shares.
Historical Reference
The statement referred to in regulation 10(b) of the SEBI Regulations was filed with the recognized stock exchanges on October 05, 2023, with filing numbers BSE: 186292 and NSE: 37814.