Kansai Nerolac Paints Allots 64,309 Equity Shares Under RSU Plan 2022
Kansai Nerolac Paints Limited has approved the allotment of equity shares through the exercise of Restricted Stock Units (RSUs). The allotment involves 64,309 fully paid-up equity shares of face value Re. 1 each, issued pursuant to the Kansai Nerolac Paints Limited - Restricted Stock Units Plan, 2022.The Board of Directors of Kansai Nerolac Paints Limited approved this allocation of shares on July 23, 2026. The equity shares allotted under this initiative maintain a face value of Re. 1 each.
This issuance contributes to the company's share structure as part of its RSU Plan 2022. Key details regarding the security and post-allotment status are as follows:
| Particulars | Detail |
|---|---|
| Stock Scheme Title | Kansai Nerolac Paints Limited - Restricted Stock Units Plan, 2022 |
| Kind of Security | Equity Shares |
| Face Value per Share | Re. 1 each |
| Date of Issue | July 23, 2026 |
The total issued shares after this specific issue stand at 80,87,78,779 Equity Shares of Re. 1 each. Consequently, the total issued share capital post-allotment amounts to Rs. 80,87,78,779. The ISIN Number for the shares is INE531A01024.
The details of the security include an exercise price of Re. 1 per share. There are no lock-in restrictions or premium associated with this allotment. Furthermore, the newly issued shares are identical in all respects to existing shares within the company.
KANSAINER Stock Price Movement
As of 1:30 PM, shares of Kansai Nerolac Paints Limited are slipping by 2.37%, trading at ₹194.21 following a decline of ₹4.71. The stock experiences considerable intraday movement, with a traded volume tallying 131,255 shares in the current market session.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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