Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Arman Financial Services has informed that based on the recommendation made by Nomination & Remuneration Committee (Compensation Committee), the Board of Directors of the Company, by way of circular resolution has allotted 1,245 equity shares of face value of Rs 10 each to the eligible Employees of the Company / Subsidiary Company who have exercised their stock options under ‘Arman- Employee Stock Option Plan 2016’ (‘ESOP-2016’). These shares shall rank with the existing equity shares of the Company in all respects. In this allotment, the Company did not allot any shares to Directors of the Company. Consequent to the above allotment, the equity share capital of the Company stands increased to 8,493,579 equity shares of Rs 10 each aggregating to Rs 84,935,790.
The above information is a part of company’s filings submitted to BSE.
