Pursuant to the provisions of the Employee Stock Options Plan of the Company viz. ‘Welspun Employee Stock Option Plan – 2005’ (ESOP) and the applicable provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, Welspun Corp has informed that the option grantee has exercised 33,000 options at an exercise price of Rs 100/- each, equivalent to 33,000 Equity Shares of face value of Rs 5/- each, (‘Equity Share’) of the Company. Pursuant to the exercise, the Company will issue and allot the said equity shares to the concerned option grantee in due course of time.
The above information is a part of company’s filings submitted to BSE.
