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BSE SENSEX
73,968.15
+115.21
+0.16 %
Corporate Announcement
Security Code
500183
Company
HFCL Ltd
Exchange Received Time
16/07/2021 17:16:09
Exchange Disseminated Time
16/07/2021 17:16:15
Time Taken
00:00:06
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS |
7/16/2021 5:16:10 PM
We wish to inform you that the Board of Directors of the Company, vide its resolution passed through circulation on July 15, 2021, has approved the allotment of 49,34,300 equity shares having face value of Re.1/each, to HFCL Employees Trust, for implementing the benefits of the HFCL Employees'' Long Term incentive Plan-2017 of the Company, pursuant to the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, in lieu of the Vested Employee Stock Options (ESOPs) granted to the eligible employees of the Company, for cash.
These shares shall rank pari passu, in all respects with the existing equity shares of the Company. After allotment of the aforesaid equity shares, the issued, subscribed and paid-up equity share capital of the Company stands increased from Rs.128,43,77,194/- to Rs.128,93,11,494/-.
The equity shares so allotted to HFCL Employees Trust are governed as per the HFCL Employees'' Long Term Incentive Plan-2017.
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