Shemaroo Entertainment Limited — Important, 22-11-2024: Updates

The Board of Directors of Shemaroo Entertainment Limited has approved the allotment of 7,525 equity shares under the Employees Stock Option Scheme – 2021. Following this allotment, the company's paid-up share capital has increased from 27,30,38,690 to 27,31,13,940, represented by a total of 2,73,11,394 equity shares. The exercise prices for the shares were Rs. 110 and Rs. 130 each, resulting in a premium of Rs. 100 and Rs. 120 per share, respectively. The shares issued are identical to existing shares, and there are no lock-in terms applicable. This allotment, while a procedural update, is not considered material to the company's operations. Investors should monitor further developments for any potential implications on share value.