Patel Engineering has informed about issuance of 2,39,61,525 equity shares of Re 1 each to 'Patel Engineering Employees Welfare Trust' ('Trust') enabling/ authorising the Board of Directors of the Company to create, grant and issue from time to time, in one or more tranches 2,39,61,525 employee stock options to or for the benefits of the employees of the Company under the existing Employee Stock Option Plan 2007.
The above information is a part of company’s filings submitted to BSE.