Geometric Ltd approves allotment of 526600 Equity shares to Geometric Employees Stock Option Trust

Geometric Ltd has received an application for allotment of 526,600 equity shares against unexercised options by the employees of Geometric Limited and its subsidiaries from the ESOP Trust, set up for the purpose of permitting cashless exercise by the employees of their unexercised stock options, pursuant to the Composite Scheme of Arrangement and Amalgamation.

The Board has passed the resolution by circulation and have approved the allotment of 526,600 (Five lakhs twenty six thousand six hundred only) Equity shares of Rs. 2/- each on the exercise of stock options under the ESOP Scheme 2011, ESOP Scheme 2013 - Employees and ESOP Scheme 2013 - Directors to ESOP Trust.

Shares of GEOMETRIC LTD. was last trading in BSE at Rs.256.25 as compared to the previous close of Rs. 255.5. The total number of shares traded during the day was 2018 in over 128 trades.

The stock hit an intraday high of Rs. 258.5 and intraday low of 254.4. The net turnover during the day was Rs. 517216.

Source : Equity Bulls

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