Subject: Allotment of Shares under Employee Stock Option Scheme
Ref.: Scrip ID - STLTECH/ Scrip Code - 532374
Dear Sir/Madam
This is to inform that the Allotment Committee of the Board of Directors of the Company at its meeting held on January 13 2021 has allotted equity shares to those grantees who had exercised their options under the Companys Employee Stock Option Scheme - 2010.
We hereby confirm that the aforesaid shares will rank pari passu with the existing shares of the Company in all respects.
Post allotment the Share Capital of the Company is as under:
Existing Share Capital (no.) 396 263 643
Allotment for ESOP (no.) 2 73 467
Post Allotment share capital (no.) 396 537 110
Please take this on record and acknowledge.