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Borosil Renewables informs about allotment under ESOP

18 Jan 2022 Evaluate
Borosil Renewables has informed that the ESOP Share Allotment Committee today, January 18, 2022 has allotted 20,000 equity shares of the Company having face value of Re 1 each to the grantee / allottee (ex-employee) on exercise of stock options granted to him under the ‘Borosil Employee Stock Option Scheme 2017’, as amended, of the Company. pursuant to Composite Scheme of Amalgamation and Arrangement approved by NCLT, Mumbai on January 15, 2020, this grantee / allottee was transferred to Borosil with effect from February 12, 2020, but in terms of clause 30 of the said scheme, his entitlement of options in the Company subsists. In view of the above, the issued and paid up equity share capital stands increased to Rs 13,02,80,279 divided into 13,02,80,279 equity shares of face value of Re 1 each. The Company has already received the in-principle approval in respect of these shares from the National Stock Exchange of India vide its letter no. NSE/LIST/18666 dated October 04, 2018 and BSE vide its letter no. DCS/IPO/JR/ESOP-IP/3245/2018-19 dated October 15, 2018.

The above information is a part of company’s filings submitted to BSE.


Borosil Renewables Share Price

498.50 13.70 (2.83%)
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