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Greaves Cotton: Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS


Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we inform you that the Nomination and Remuneration Committee (the Committee) of the Board of Directors of the Company through circular resolution passed on 8th June 2022 has approved allotment of 41 521 (Forty One Thousand Five Hundred and Twenty One only) equity shares of Rs. 2/- each pursuant to exercise of 41 521 Stock Options at an exercise price of Rs. 2/- each amounting to Rs. 83 042/- (Rupees Eighty Three Thousand and Forty Two only) by the option grantee under Greaves Cotton - Employee Stock Option Plan 2020. The said equity shares shall rank pari-passu with the existing equity shares of the Company in all respect. Consequently the Issued Subscribed and Paid-up Capital of the Company stands increased to Rs. 46 31 25 626/- comprising of 23 15 62 813 equity shares of face value of Rs. 2/- each. Kindly take the above information on your record.

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