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Sequent Scientific informs about allotment of equity shares under ESOP

26 Apr 2022 Evaluate

Sequent Scientific has informed that the Board of Directors of the Company vide a resolution passed by circulation on April 25, 2022, has approved issue and allotment of 10,62,500 Equity Shares of Rs 2 each fully paid to the Employees at an exercise price of Rs 86 per equity share on exercise of the options granted to them under SeQuent ESOP Plan 2020. The said Equity shares shall rank, in all respects with the existing equity shares of the Company. Consequent to the allotment of the aforesaid equity shares, the issued and the paid-up equity share capital of the Company will increase from Rs 49,67,41,990 consisting of 24,83,70,995 Equity Shares of Rs 2 each to Rs 49,88,66,990 consisting of 24,94,33,495 Equity Shares of Rs 2 each. The details as required under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are enclosed as Annexure-I.

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

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