EPL allots equity shares under employee stock option scheme

EPL Limited, through its security committee of the board of directors, has approved the allotment of 14,804 new equity shares, each with a face value of Rs. 2. This allotment is a result of the exercise of stock options granted under the Employee Stock Option Scheme 2020 (ESOS 2020). These newly allotted shares rank pari passu with the company's existing fully paid-up equity shares.

Consequently, the paid-up equity share capital of the company has increased. It now stands at Rs. 64,00,97,746, divided into 32,00,48,873 equity shares (each with a face value of Rs. 2), up from Rs. 64,00,68,138, which was divided into 32,00,34,069 equity shares.

The company clarified that this intimation is not considered material in nature to the company.