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Mahindra Ugine Steel Co.: Allotment of Shares pursuant to exercise of Stock Options

Mahindra Ugine Steel Company Ltd has informed BSE that pursuant to exercise of options by certain eligible employees under Mahindra Ugine Steel Company Limited Employees? Stock Option Scheme-2006, the Board of Directors of the Company on August 05, 2014 has issued and allotted 42,875 Equity Shares of face value of Rs. 10/- each.

Consequent to the above allotment the paid up equity share capital of the Company has been increased from Rs. 32,67,17,790/- to Rs. 32,71,46,540/-, divided into 3,27,14,654 equity shares of Rs. 10/- each.