Ramco Systems allots new shares under employee stock option plans

Ramco Systems Limited announced today that its Stakeholders Relationship Committee approved the allotment of 22,877 equity shares of INR 10 each. This allotment follows the exercise of stock options by employees under various Employee Stock Option Schemes (ESOS).

Specifically, 2,500 equity stock options were exercised under ESOS 2013, 11,875 under ESOS 2014, and 8,502 under ESOS 2022. As a result of these allotments, the company's paid-up equity share capital has increased from 3,73,89,048 equity shares of INR 10 each to 3,74,11,925 equity shares of INR 10 each.

The company stated that it will shortly apply for the listing and trading permission for these newly allotted shares.