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Crompton Greaves Consumer Electricals Limited — Board/Management Information 2020
Nov 27, 2020
60950_rns_2020-11-27_b17d15e9-9fbb-4ae0-b28b-4b1b012f3565.pdf
Board/Management Information
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Crompton Greaves Consumer Electricals Limited Registered & Corporate Office: Tower 3, 1st Floor, East Wing, Equinox Business Park, LBS Marg, Kurla (West), Mumbai - 400 070.India T: +91 22 6167 8499 F: +91 22 6167 8383 W: www.crompton.co.in CIN: L31900MH2015PLC262254
Date: November 27, 2020
| To, | To, |
|---|---|
| BSE Limited ("BSE"), | National Stock Exchange of India Limited |
| Corporate Relationship Department, | ("NSE"), |
| 2nd Floor, New Trading Ring, | "Exchange Plaza", 5th Floor, |
| P.J. Towers, Dalal Street, | Plot No. C/1, G Block, |
| Mumbai – 400 001. | Bandra-Kurla Complex |
| Bandra (East), Mumbai – 400 051. | |
| BSE Scrip Code: 539876 | NSE Symbol: CROMPTON |
| ISIN: INE299U01018 | ISIN: INE299U01018 |
| Our Reference: 96/2020-21 | Our Reference: 96/2020-21 |
Dear Sir/ Madam,
Sub: Outcome of Meeting of the Board of Directors held on November 27, 2020
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), we inform you that the Board of Directors in their Meeting held today i.e. November 27, 2020 have inter alia, considered and approved the following items:
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- Amendment in Crompton Employee Stock Option Plan 2019 ("ESOP 2019") for increasing the pool size/number of stock options under the existing ESOP 2019 by 50,00,000 (Fifty Lakh) stock options, thereby increasing the total number of stock options from 48,00,000 (Forty-Eight Lakh) stock options to 98,00,000 (Ninety-Eight Lakh) stock options, exercisable into 98,00,000 (Ninety-Eight Lakh) shares of face value of Rs. 2/‐ each fully paid‐up, subject to shareholders' approval;
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- Increase in Authorised Share Capital of the Company from the present Rs. 130,00,00,000/- (Rupees One Hundred and Thirty Crore only) divided into 65,00,00,000 (Sixty-Five Crore) Equity Shares of Rs. 2/- (Rupees Two only) each to Rs. 131,00,00,000/- (Rupees One Hundred and Thirty-One Crore only) divided into 65,50,00,000 (Sixty-Five Crore and Fifty Lakh) Equity Shares of Rs. 2/- (Rupees Two only) each, and alteration in Capital Clause of the Memorandum of Association of the Company, subject to shareholders' approval;
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- Seeking approval of shareholders via Postal Ballot for the above-mentioned items.
The Postal Ballot Notice and other relevant information/documents will be submitted in the due course.
The Board meeting commenced at 6:05 P.M. (IST) and concluded at 6:22 P.M. (IST).
You are requested to kindly take the above information on your record.
Thanking You, For Crompton Greaves Consumer Electricals Limited Digitally signed by PRAGYA SAHAL
PRAGYA SAHAL
DN: c=IN, o=Personal, title=8504, pseudonym=ad59aa1a37b4bf9c39b4f089872afad5d392d90 78a22fa432e07b46a8a2bbd6d, 2.5.4.20=5a12882ffc8d85fbd336ffd2f4c77eb4884e6d5a8c0 d4bb33c20e4b73975e8f3, postalCode=400074, st=Maharashtra, serialNumber=84c3cda8c48ae17c551bd8b9ee5a8312ce8ac 0972726393186cb59193af2751f, cn=PRAGYA SAHAL Date: 2020.11.27 18:27:41 +05'30'
Pragya Kaul Company Secretary & Compliance Officer