Grasim Industries has informed that Stakeholders’ Relationship Committee of the Board of Directors of the Company has approved allotment of 2,736 equity shares of Rs 2 each of the Company upon exercise of Options and RSUs under the Company’s Employee Stock Option Scheme 2013. These shares shall rank pari passu with the existing equity shares of the Company in all respects and shall be subject to the provisions of the Memorandum and Articles of Association of the Company. Consequent to the above allotment, the equity share capital of the Company stands increased to 65,82,89,276 equity shares of Rs 2 each aggregating to Rs 1,31,65,78,552.
The above information is a part of company’s filings submitted to BSE.