Repro India Allots Equity Shares As ESOP
Repro India Limited has announced the distribution of 35,100 equity shares with a face value of Rs. 10 each to eligible employees. This allotment is the result of the exercise of employee options granted under the Repro India Limited - Employee Stock Option Scheme 2010, the company announced in an exchange filing.
The decision was made by the Board of Directors' Nomination and Remuneration Committee in a circular resolution dated 24 October 2023.
As a result of this allotment, Repro India’s paid-up equity share capital has increased from Rs. 14,26,21,880, which is represented by 14,26,21,880 equity shares with a face value of Rs. 10 each, to Rs. 14,29,72,880, which is represented by 1,42,97,288 equity shares with a face value of Rs. 10 each.
In relation to this allotment, the company is currently applying for listing on the BSE Limited and the National Stock Exchange of India Limited.
Repro’s shares closed at Rs 709.80, up 0.25 per cent, at 3:30 p.m. on Monday.
