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Greaves Cotton informs about allotment of shares as per ESOP

18 Jun 2025 Evaluate
Greaves Cotton has informed that the Nomination and Remuneration Committee (the Committee) of the Board of Directors of the Company, through circular resolution passed on 18th June, 2025, approved allotment to the option grantee of 10,000 (Ten Thousand) equity shares of Rs. 2 each, pursuant to exercise of 10,000 Stock Options at an exercise price of Rs. 2 each amounting to Rs. 20,000 (Rupees Twenty Thousand Only) under Greaves Cotton – Employee Stock Option Plan 2020. The said equity shares shall rank pari-passu with the existing equity shares of the Company in all respects. Consequently, the Issued, Subscribed and Paid-up Capital of the Company stands increased to Rs. 46,55,85,470 comprising of 23,27,92,735 equity shares of face value of Rs. 2 each.

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

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