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Mastek informs about allotment of equity shares under ESOP

16 Jan 2023 Evaluate

Mastek has informed that the Stakeholder Relationship Committee of the Board of Directors approved and allotted 8,404 Equity Shares of Rs 5 each (Face Value) on January 16, 2023, to eligible employees who had exercised their vested options under ESOP. The said equity shares shall rank with the existing Equity Shares of the Company in all respects. Consequent to the aforesaid allotment, the paid-up share capital of the Company has increased from 30,084,135 Equity Shares of Rs 5 each aggregating to Rs 150,420,675 to 30,092,539 Equity Shares of Rs 5 each aggregating to Rs 150,462,695. In terms of Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations, 2014 (‘SEBI SBEB Regulations’), the details of shares allotted as above are given in ‘Annexure I’ to this intimation.

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

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