Valiant Organics Limited

Valiant Organics Limited

Valiant Organics Limited has allotted 15,000 new equity shares with a face value of Rs. 10 each to an eligible employee, following the exercise of stock options under its 'Valiant - Employees Stock Option Plan- 2022'. This allotment at an exercise price of Rs. 10 per share has increased the company's paid-up equity share capital from Rs. 28.02 crores to Rs. 28.03 crores. The new shares will rank pari-passu with existing equity shares.

Valiant Organics Limited

Valiant Organics Limited announced that Vicky Hemchand Gala has submitted a disclosure under Regulation 31(4) of the SEBI Takeover Regulations, 2011. This regulation requires promoters to disclose details regarding the encumbrance (e.g., pledge) or release of encumbrance on shares of the company. The announcement signifies a compliance filing by a promoter concerning their shareholding. For investors, this is a statutory disclosure indicating a potential change in the status of promoter shares, although specific details of the encumbrance are not provided in this particular announcement.