Exchanges Grant In-Principle Approval for Listing 147,000 Equity Shares Under SEDEMAC Employee Stock Option Plan
SEDEMAC Mechatronics Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for listing up to a maximum of 147,000 equity shares. These shares are intended to be issued under the company’s SEDEMAC Employee Stock Option Plan 2014.The in-principle approval granted by both exchanges pertains to the listing of equity shares with a face value of Rs. 10/- each. The allotment is designed for employees utilizing the existing stock option plan.
Details regarding the proposed share issue are as follows:
| Metric | Details |
|---|---|
| Company | SEDEMAC Mechatronics Limited (Formerly SEDEMAC Mechatronics Private Limited) |
| Plan Name | SEDEMAC Employee Stock Option Plan 2014 |
| Maximum Shares | 1,47,000 Equity Shares |
| Face Value | Rs. 10/- per share |
The exchanges have set forth specific conditions that must be fulfilled for the successful listing and subsequent trading of these equity shares. These mandatory requirements include the notification to the Exchange after the allotment process is complete and credit to the beneficiaries' account or dispatch of share certificates.
Furthermore, the in-principle approval requires compliance with statutory and other approvals from authorities such as SEBI, RBI, and MCA. The company must also adhere to all guidelines and regulations set by the exchanges and relevant statutory bodies, along with the provisions of the Companies Act, 1956 or 2013.
SEDEMAC Stock Price Movement
Shares of SEDEMAC Mechatronics Limited are rallying, trading up 3.22% as of 12:28 PM, with shares currently priced at ₹2626.6. The equity maintains strong intraday momentum, buoyed by a volume of 108,683 shares and closing significantly above its day low of ₹2525.5.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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