GHCL Ltd approves proposal for allotment of 5.85 lakhs shares

The Nomination and Remuneration Committee of Board of Directors of GHCL Ltd, in their just concluded meeting held on June 9, 2018 has approved the proposals for allotment of 5.85 lakhs Equity Shares of Rs. 10 each to forty two employees (including three KMPs) of the Company against conversion of Stock Options pursuant to GHCL ESOS 2015.

Consequent to above allotment of 5.85 lakh Equity Shares, the Issued & Paid-up Capital of the Company stands increased to Rs. 98,00,82,860/- consisting of 9,80,08,286 equity shares of Rs. 10/- each from Rs. 97,42,32,860/- consisting of 9,74,23,286 equity shares of Rs. 10/- each.

These shares are pari-passu with the existing equity shares of the Company. Further, we are in the process of completing the other formalities with respect to listing of the said shares.

Shares of GHCL LTD. was last trading in BSE at Rs.281.35 as compared to the previous close of Rs. 281.25. The total number of shares traded during the day was 11359 in over 273 trades.

The stock hit an intraday high of Rs. 283 and intraday low of 273.45. The net turnover during the day was Rs. 3160584.

Source : Equity Bulls

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