Also allots 17 lakh shares under ESOP
The Board of Arshiya at its meeting held on 10 February 2021 has approved the allotment of 25 lakh equity shares of Rs 2 each to Edelweiss Asset Reconstruction Company (Lender on behalf of various EARC trusts) on conversion of 80,000 Zero percent Optionally Convertible Redeemable Preference Shares of face value of Rs 10 each.The Board has also allotted 17 lakh equity shares of face value Rs. 2/- each to the eligible employees under the Arshiya Limited Employees stock option scheme 2019. These shares shall rank pari-passu with the existing equity shares of the Company in all respects.
Post allotments as mentioned above, the paid-up capital of the Company has increased to Rs. 52,45,51,830/- divided into equity shares 26,22,75,915 of face value of Rs. 2/- each from Paid up capital of Rs. 51,61,51,630 divided into equity shares 25,80,75,915 of face value of Rs. 2/- each.
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