Archean Chemical Industries has informed that the Board of Directors of the Company through its Circular resolution passed today i.e., 2nd December 2023 has approved the Allotment of 2,45,700 Equity Shares of Rs 2 each towards the exercise of vested stock options under the Employee Stock Option Plan (ESOP) of the Company. The Company has already received the in-principle approval from NSE and BSE for listing and is in the process of applying for the final listing approval of the above shares on NSE and BSE. The paid-up capital of the Company has increased from Rs. 24,63,02,538 to Rs. 24,67,93,938. Further, the details as required under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are enclosed as Annexure - 1.
The above information is a part of company’s filings submitted to BSE.
