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Vascon Engineers announced that the Board of Directors of the Company at its meeting held on 30 December 2014, have discussed and approved the following:
1. The Board of Directors of the Company has approved allotment of 2,93,377 (Two lack ninety three thousand three hundred and seventy three only) equity shares of Rs. 10/- each amounting to Rs. 29,33,770 of the Company upon exercise of stock options under the Company's Employee Stock Option Scheme, 2013.
These shares shall rank pari passu with the existing equity shares of the Company in all respects and shall be subject to the provisions of the Memorandum and Articles of Association of the Company.
Consequent to the above allotment, the paid up equity share capital of the Company stands increased to 9,04,75,927 equity shares of Rs. 10/- each aggregating to Rs. 90,47,59,270/- (Ninety Crores forty seven lacks fifty nine thousand two hundred and seventy only).
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