Mastek Limited Allots 25,047 Equity Shares to Eligible Employees

Mastek Limited has informed that the Stakeholder Relationship Committee of the Board of Directors approved and allotted 25,047 Equity Shares of Rs. 5 each to eligible employees who had exercised their vested options under the Employee Stock Option Plans (ESOP). This allotment has increased the paid-up share capital of the Company, with the total number of Equity Shares rising to 3,09,74,717. The allotted shares rank pari-passu with the existing Equity Shares of the Company in all respects.

Key Takeaways:

• Mastek Limited has allotted 25,047 Equity Shares to eligible employees under the Employee Stock Option Plans (ESOP).
• The shares were allotted by the Stakeholder Relationship Committee of the Board of Directors.
• The allotment has increased the paid-up share capital of the Company to 3,09,74,717 Equity Shares of Rs. 5 each.
• The total value of the allotted shares is Rs. 1,00,21,785 (25,047 Equity Shares x Rs. 5).
• The allotted shares rank pari-passu with the existing Equity Shares of the Company in all respects.
• The allotment was made in accordance with Regulation 10(c) of the SEBI (Share Based Employee Benefits) Regulations, 2014.
• The details of the shares allotted are provided in "Annexure I" to the intimation made by the Company.

Statistics:

• Total number of Equity Shares allotted: 25,047
• Total value of the allotted shares: Rs. 1,00,21,785
• Previous paid-up share capital: 3,09,49,670 Equity Shares of Rs. 5 each
• New paid-up share capital: 3,09,74,717 Equity Shares of Rs. 5 each

Sources:

• National Stock Exchange of India (SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015)
• SEBI (Share Based Employee Benefits) Regulations, 2014