MAHINDRA LIFESPACE DEVELOPERS LTD. - Outcome of Board Meeting (Allotment of Equity Shares)

Mahindra Lifespace Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2015 has issued and allotted 4650 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS -2012), at an exercise price of Rs. 10/- per share.<BR><BR>Pursuant to these allotments, the issued equity capital of the Company has increased from Rs. 41,05,58,510 to Rs. 41,06,05,010 and subscribed & paid up equity capital of the Company has increased from Rs. 41,01,50,000 to Rs. 41,01,96,500.<BR><BR>The equity shares allotted as above shall, rank pari-passu with the existing equity shares of the Company and shall be entitled to such dividends and corporate benefits, if any, declared by the Company after the allotment.