Orient Bell has informed that the Compensation Committee has, in its meeting held on October 09, 2015, approved the further allotment of 1,86,850 equity shares of Rs 10 each fully paid up of the Company under the ‘Orient Bell Employees Stock Option Scheme, 2013’ (‘ESOP Scheme’) to the employees upon exercising of equal number of options granted and vested with them under the said scheme. Consequent to the aforesaid allotment, subject to the necessary approvals of statutory bodies the paid up equity share capital of the Company will stand increase to Rs 14,00,24,010 divided into 1,40,02,401 equity shares of Rs 10 each.
The above information is a part of company’s filings submitted to BSE.
