Valiant Organics Limited has made a regulatory disclosure regarding the allotment of equity shares under its employee stock option plan. The company allotted 15,000 equity shares of face value ₹10 each to an eligible employee pursuant to the exercise of stock options under the "Valiant - Employees Stock Option Plan-2022" (ESOP 2022).
The allotment details are as follows:
- Employee Stock Option Scheme: Valiant - Employees Stock Option Plan-2022
- Number of shares allotted: 15,000
- Exercise/Issue Price: ₹10 per share
- Total issue value: ₹1,50,000
This allotment has resulted in an increase in the company's paid-up equity share capital from ₹28,01,96,100 (representing 2,80,19,610 fully paid-up equity shares of ₹10 each) to ₹28,03,46,100 (representing 2,80,34,610 fully paid-up equity shares of ₹10 each).
The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the company. The disclosure was signed by Kaustubh B. Kulkarni, Company Secretary (ICSI Membership No. A52980), and submitted to both BSE Limited and National Stock Exchange of India Limited for record keeping purposes.