Grasim Industries has informed that the Stakeholders Relationship Committee of the Board of Directors of the Company has approved allotment of 1,092 Equity Shares of Rs 10 each of the Company upon exercise of stock options under the Company’s Employee Stock Option Scheme, 2006. These shares shall rank pari passu with the existing equity shares of the Company in all respects and shall be subject to the provisions of the Memorandum and Articles of Association of the Company. Consequent to the above allotment, the equity share capital of the Company stands increased to 9,18,26,091 equity shares of Rs 10 each aggregating to Rs 91,82,60,910.
The above information is a part of company’s filings submitted to BSE.
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