We would like to inform you that on June 16, 2017, the Compensation Committee of the Board of Directors of the Company has allotted 5,662 shares of Rs. 10/- each on exercise of 5,662 stock options under DBCL-ESOS Schemes to its employees covered under the scheme.
Following are the details of the increase in the Issued and Paid-up Capital of the Company:
Existing Issued and Paid-up Capital (Equity Shares of Rs. 10/- each) 18,39,22,500
Shares allotted / increased by (Equity Shares of Rs. 10/- each) 5,662
Revised Issued and Paid-up Capital (Equity Shares of Rs. 10/- each) 18,39,28,162
The new equity shares rank pari passu in all respects with the existing capital.
We are initiating the corporate action for the above with the Depositories and will submit necessary documents to you in due course for the purpose of listing of these shares. We request you to kindly note that we have already received the in-principle approval from you for listing of these shares.
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