Intellect Design Arena Ltd.

Intellect Design Arena has informed that the stakeholders Relationship Committee (SRC) of Board of Directors of the Company has vide Circular Resolution dated June 20, 2023 approved the allotment of 3,03,998 Equity Shares of Rs 5 each on June 22, 2023 to the option grantees who have exercised their options granted under the ESOP Schemes detailed hereunder:  16,425 Equity Shares under the Intellect Stock Option Plan 2015 (ISOP 2015) Scheme; 1,200 Equity Shares under the Intellect Stock Option Plan 2016 (ISOP 2016) Scheme; 2,86,373 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. 67,91,61,200 divided into 13,58,32,240 equity shares of Rs 5 each to Rs 68,06,81,190 divided into 13,61,36,238 equity shares of Rs 5 each. The new equity shares issued shall rank pari- passu with the existing equity shares.

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