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Vedant Fashions informs about allotment under ESOP

18 Dec 2024 Evaluate
Vedant Fashions has informed that the Nomination & Remuneration Committee of the Company vide its resolution dated December 17, 2024, pursuant to the authority delegated to it by the Board of Directors, has approved the allotment of 9,741 equity shares of face value of Re 1 each to the eligible employees of the Company who have exercised their stock options under the VFL Employee Stock Option Scheme 2018- Scheme Pratham (or Scheme), as amended. All the said Equity Shares rank pari-passu with the existing Equity Shares of the Company, in all aspects. With this allotment the paid-up share capital of the Company has increased to Rs. 24,29,22,373 divided into 24,29,22,373 equity shares of Re. 1 each from Rs. 24,29,12,632 divided into 24,29,12,632 equity shares of Re. 1 each.

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

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