Uno Minda Limited, has recently announced the allotment of 55,600 equity shares to its employees. The allotment came following the exercise of options under the Uno Minda Employee Stock Option Scheme 2019.
The Nomination & Remuneration Committee of the Board of the Company approved the allotment on March 13, 2024. These shares, with a face value of INR 2 each, were allotted pursuant to the resolution by circulation.
This allotment has resulted in an increase in the company’s paid-up equity share capital from INR 1,14,80,77,950 to INR 1,14,81,89,150. Uno Minda Limited emphasized that this allotment, though significant, is not deemed material to the company as per regulatory standards.
The company is in the process of applying for the listing of these shares on the NSE and BSE stock exchanges.
The exercise price per share stood at INR 325 with a premium of INR 323 per share. A total of 55,600 equity shares were allotted, including 27,800 shares adjusted as bonus shares, the company said in a media release.
