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Godrej Prop

17th-Jun-2019 16:01Source: BSE

Godrej Properties - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Dear Sir/Madam,

Sub: Update on Godrej Properties Limited Employees Stock Grant Scheme, 2011

Please note that pursuant to the provisions of the Godrej Properties Limited Employees Stock Grant Scheme, 2011 (the ''GPL ESGS''), the option grantees have exercised 70,363 stock grants equivalent to 70,363 Equity Shares of face value of Rs. 5/- each of the Company (the ''Equity Shares'') during the exercise period.

Accordingly, the duly authorised Allotment Committee of the Board of Directors of the Company has at its meeting held on June 17, 2019 allotted 70,363 Equity Shares of Rs.5/- per Equity Share to the option grantees in terms of the GPL ESGS.

Consequently, with effect from June 17, 2019, the issued, subscribed and paid up capital of the Company stands increased to Rs. 1,14,69,70,380 consisting of 22,93,94,076 equity shares of Rs. 5/- each.

This is for your information as also for the information of your members and the public at large.

Thank you,

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