Laxmi Organic Industries Ltd - 543277 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on Wednesday, May 04, 2022, has in accordance with the terms of ESOP - 2020 Scheme, allotted 11,20,210 equity shares of face value ?. 2/- each in the share capital of the Company for cash at par to the eligible employees of the Company who exercised their stock options under ESOP-2020. These shares shall rank pari passu, in all respects with the existing equity shares of the Company. After allotment of aforesaid equity shares, the share capital of the Company stands increased from 52,73,25,546 to 52,95,65,966. We request you to take the above on record.04-05-2022