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Elgi Equipments Ltd. — Capital/Financing Update 2022
Sep 26, 2022
60896_rns_2022-09-26_5968fae5-82a3-4425-95d1-8abcd516b9fb.pdf
Capital/Financing Update
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September 26, 2022
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National Stock Exchange of lndia Ltd. Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E) Mumbai - 400 051
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
Through : Digital Exchange
Through : BSE Listing Centre
Dear Sir/Madam,
Subject: Grant of stock options under Elgi Equipments Limited Employees Stock Option Plan, 2019 NSE Scrip Code: ELGIEQUIP / BSE Scrip Code: 522074
In terms of provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Compensation Committee of the Board of Directors of the Company vide circular resolutions has approved the grant of 152,600 stock options under the Elgi Equipments Limited Employees Stock Option Plan, 2019.
The details required under SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015, is given below:
| Brief details of options granted | 152,600 stock options granted to the eligible employees ofthe Company and its Subsidiaries. Each option uponexercise would be entitled for allotment of one equity shareof Re. 1/- each of the Company. |
|---|---|
| Whether the scheme is in termsof SEBI (SBEB) Regulations, 2014 | Yes |
| Total number of shares coveredby these options | 152,600 equity shares of Re.1/- each (each stock option isconvertible into 1 equity share of face value of Re.1/- each) |
| Pricing formula/Exercise Price | Rs.450/- per share per option upon exercise of stock option |
| Options vested/vesting schedule | Three years from the date of grant |
| Time within which options maybe exercised | Options may be exercised after three years of grant |
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Options exercised Money realized by exercise of options The total number of shares arising as a result of exercise of option Options lapsed Variation of terms of options Not Applicable Brief details of significant terms Subsequent changes or cancellation or exercise of such options Diluted earnings per share pursuant to issue of equity shares on exercise of options
We request you to kindly take the above information on record.
Thanking you, Yours truly,
For Elgi Equipments Limited
PRAKASH Digitally signed by PRAKASH SIVASAM SIVASAMY Date: 2022.09.26 Y 15:39:08 +05'30'
S Prakash Company Secretary
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