Allotment of Equity Shares on exercise of Stock Options granted under Mafatlal Employees Stock Options Scheme 2017.

Mafatlal Industries has allotted 5,000 equity shares of ₹2 each to an eligible employee who exercised stock options under the Mafatlal Employees Stock Option Scheme 2017 (3rd Grant). The exercise price was ₹36.20 per share. As a result, the company's paid-up equity share count has risen marginally from 72,158,930 to 72,163,930 shares, an increase of just ₹10,000 in paid-up capital. This is part of a pre-approved BSE listing for up to 34,75,000 shares (post-split) under the ESOP 2017 scheme.