FilingReader Intelligence

Sequent Scientific expands equity base through ESOP 2020 allotment

September 12, 2025 at 05:00 AM UTCBy FilingReader AI

Sequent Scientific Limited has informed stock exchanges that its Nomination Remuneration Committee approved the allotment of 1,317,653 equity shares of Rs. 2/- each to 26 employees. This allotment, made under the SeQuent ESOP 2020, followed a resolution passed by circulation on September 11, 2025. The exercise price for these options was Rs. 86/- per equity share.

As a direct consequence of this allotment, the issued and paid-up equity share capital of Sequent Scientific will increase. The company's equity share capital will rise from Rs. 50,06,69,990, comprising 250,334,995 equity shares of Rs. 2 each, to Rs. 50,33,05,296. This revised capital will consist of 251,652,648 equity shares of Rs. 2 each.

The newly allotted equity shares will rank pari passu in all respects with the existing equity shares of the company, ensuring equal rights and privileges for the new shareholders. The company has requested the stock exchanges to take this information on record.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:SEQUENTBombay Stock Exchange
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