Allotment Of 169125 Eq. Shares Upon Conversion Of Equivalent Number Of Options Under ESOP Scheme Of The Company.

• Security Code: 511431
• Company: VAKRANGEE

With reference to the abovementioned subject, we would like to inform you that the Nomination and Remuneration and Compensation Committee of the Board of Directors of the company at its meeting held on 22.05.2017 has approved and allotted 169125 numbers of Equity Shares having Face Value of Re. 1/- each to the employees of the Company (the Allottees) pursuant to exercise of options under the company's Employee Stock Option (ESOP) Scheme which may please be noted. Post allotment of 169125 shares of face value of Re. 1/- each, the Company's issued and paid-up share capital stands increased to 529401545 Equity Shares of face value of Re. 1/- each aggregating to Rs. 52,94,01,545/-. We shall be initiating steps to file requisite documents with the Stock Exchanges in the prescribed format towards listing of 169125 equity shares pursuant to above allotment under the ESOP scheme of the company.