Setco Automotive has informed that the remuneration committee of the board of directors of the company at its meeting held on January 24, 2013, allotted 90358 equity shares of face value of Rs. 10 each under the Company’s Employee Stock Option Plan, 2010. The said 90358 shares shall rank pari passu with the existing equity shares of the company in all respects.
Consequent to the said allotment, the equity share capital of the company stands increased from Rs. 265,817,550 divided into 26,581,755 equity shares of face value Rs. 10 each to Rs. 266,721,130 divided into 26,672,113 equity shares of face value of Rs. 10 each.
The above information is a part of company’s filings submitted to BSE.
