GHCL intimation regarding outcome of NRC Committee Meeting for allotment of 196500 equity shares against exercise of stock options.

GHCL's Nomination and Remuneration Committee has approved the allotment of 1,96,500 equity shares of Rs. 10 each to 10 allottees, including two Key Management Personnel (KMPs). This allotment is pursuant to the GHCL Employee Stock Option Scheme 2015 (ESOS 2015). As a result, the company's paid-up capital has increased from Rs. 91.93 crore (9,19,34,155 shares) to Rs. 92.13 crore (9,21,30,655 shares). The newly allotted shares will rank pari passu with existing equity shares. This is a routine exercise of employee stock options and represents a minor dilution of approximately 0.21%.