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| Exchange Received Time 22/05/2018 16:59:40 Exchange Disseminated Time 22/05/2018 16:59:45 Time Taken 00:00:05 | We are pleased to inform that the meeting of Nomination & Remuneration Committee of the Company held today i.e. 22 May, 2018, wherein the Committee has approved the issue and allotment of 1,10,000 equity shares of Rs. 2 each, pursuant to the exercise of options by the grantees under Minda Employee Stock Option Scheme 2016.
The Company is in the process of applying for the final listing of these aforesaid shares with the stock exchanges i.e. NSE and BSE.
The paid up share capital of the company will accordingly increase from Rs.17,41,22,310 to Rs.17,43,42,310.
The new equity shares issued shall rank pari passu with the existing equity shares of the company.
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