Shalimar Paints allots equity shares

Under ESOP

Shalimar Paints announced that the Nomination and Remuneration Committee in its meeting held on 03 July 2015 has approved allotment of 14,750 equity shares of Rs. 2/- each pursuant to exercise of options under the ESOP Scheme 2013.

Consequent to such allotment, the paid-up equity share capital of the Company has increased from Rs. 3,78,56,200 (1,89,28,100 equity shares of Rs. 2/- each) to Rs. 3,78,85,700 (1,89,42,850 equity shares of Rs. 2/- each).

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