Sterling and Wilson Renewable Energy 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 30 read with Schedule III of the SEBI Listing Regulations and Regulation 10(c) of the SEBI SBEB Regulations.
Key Quantitative Figures
- Number of shares allotted: 9,671 equity shares of Re. 1/- each
- Exercise price: Rs. 238 per share
- Premium per share: Rs. 237
- Pre-allotment paid-up capital: Rs. 23,35,31,720 consisting of 23,35,31,720 equity shares
- Post-allotment paid-up capital: Rs. 23,35,41,391 consisting of 23,35,41,391 equity shares
- Distinctive numbers of allotted shares: 23,35,31,721 to 23,35,41,391
Parties Involved
- Approving authority: Nomination and Remuneration Committee of the Board of Directors
- Stock exchanges: BSE Limited and National Stock Exchange of India Limited
Capital Structure Impact
The equity share capital increased by Rs. 9,671 (from 23,35,31,720 shares to 23,35,41,391 shares). The newly allotted shares rank pari-passu with existing equity shares in all respects. There are no lock-in restrictions on the allotted shares.
Additional Information
The disclosure includes a complete annexure with details required under Regulation 10(c) of SEBI SBEB Regulations. The information will be hosted on the company's website at https://www.sterlingandwilsonre.com/.