Intellect Design Arena has informed that the Stakeholders Relationship Committee (SRC) of Board of Directors of the Company has vide Circular Resolution dated January 22, 2025 approved the allotment of 41,200 Equity Shares of Rs.5/- each on January 23, 2025 at 10:38 PM (IST) to the option grantees who have exercised their options granted under the ESOP Schemes detailed follows: • 11,875 Equity Shares under the Intellect Stock Option Plan 2015 (ISOP 2015) Scheme • 3,200 Equity Shares under the Intellect Stock Option Plan 2016 (ISOP 2016) Scheme • 26,125 Equity Shares under the Intellect Incentive Plan Scheme 2018 (IIPS 2018) Scheme. The Company is in the process of applying for listing and trading of the above shares on NSE and BSE. The paid-up share capital of the Company accordingly increases from Rs. 69,32,10,130/- divided into 138,642,026 equity shares of Rs. 5/- each to Rs. 693,416,130/- divided into 138,683,226 equity shares of Rs. 5/- each. The new equity shares issued shall rank with the existing equity shares. The company has informed that it had received the in-principle approvals which are enclosed. The details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are enclosed as Annexure – I.
The above information is a part of company’s filings submitted to BSE.
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