September 4th 2023.
Anupam Rasayan India Limited announced on Monday that the Nomination and Remuneration Committee of its Board of Directors had approved the issue and allotment of 66,385 fully paid-up equity shares of face value Rs 10 each under Anupam – Employees Stock Option Plan 2020, to eligible employees who had exercised their options. The equity shares are to be treated in all respects pari-passu with existing equity shares, and the issued, subscribed and paid up share capital of the Company shall stand increased from Rs 1,07,53,88,640 to Rs 1,07,60,52,490.
In addition, the company said it had received in-principle approvals from BSE Limited and National Stock Exchange of India Limited for a total of 13,12,795 equity shares to be issued from time to time under the ESOP Scheme 2020.
At 1:37 PM IST on Monday, the shares of Anupam Rasayan India Limited were trading at Rs 1,006, up by 0.085 percent. This follows the company's announcement that its total revenue had jumped 19 percent year-on-year to Rs 3,988 million.
Overall, the news has been greeted positively by investors, with the company's share price continuing to grow. This is expected to bolster its financial position in the near future.
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