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Borosil Renewables informs about allotment of equity shares under ESOP

13 Dec 2022 Evaluate

 Borosil Renewables has informed that, the ESOP Share Allotment Committee yesterday December 12, 2022 has allotted 20,000 equity shares of the Company having face value of Re 1 each to the grantee / allottee on exercise of stock options granted to him under the ‘Borosil Employee Stock Option Scheme 2017’, as amended, of the Company. In view of the above, the issued and paid-up equity share capital of the Company stands increased to Rs 13,04,59,679 divided into 13,04,59,679 equity shares of face value of Re 1 each. The Company had 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 equity shares allotted shall rank and are identical in all respect with the existing equity shares including payment of dividend and other rights. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular dated September 9, 2015 are enclosed as ‘Annexure-A’ and details as required under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are enclosed as ‘Annexure B’.

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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