Welspun Enterprises has informed that the Board of Directors of the Company has, by way of circular resolution affected on February 22, 2016, approved allotment of 720,000 equity shares to Sandeep Garg, Managing Director of the Company who had exercised his options under the Welspun Managing Director Employee Stock Option Plan (‘MD ESOP’). The equity shares allotted shall rank pari passu in all respect, including dividend, with the existing equity shares of the Company.
The above information is a part of company’s filings submitted to BSE.
