Avantel has informed that the ESOP Allotment Committee of the Company has approved the allotment of 65,016 Equity Shares of face value of Rs 2 each to the eligible employees of the Company upon exercise of the Options vested with them under the Avantel Employees Stock Option Plan 2023 (ESOP 2023). Consequent to this allotment, the paid-up equity share capital of the Company increased from 26,57,10,850 equity shares of Rs 2 each aggregating to Rs 53,14,21,700 to 26,57,75,866 equity shares of Rs 2 each aggregating to Rs 53,15,51,732. The details as required under the Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, are enclosed as Annexure - I and II. This intimation will also be made available on the Company’s website.
The above information is a part of company’s filings submitted to BSE.
