MAHINDRA LIFESPACE DEVELOPERS LTD. - Outcome of Share Allotment Committee Meeting

Mahindra Lifespace Developers Ltd has informed BSE that the Share Allotment Committee of the Board at its meeting held on January 24, 2014 have issued and allotted 2500 new fully paid-up Equity Shares of Rs. 10/- each at an exercise price of Rs. 325/- per share granted under Employee Stock Options Scheme 2006 (ESOS -2006) and 500 new fully paid-up Equity Shares of Rs. 10/- each at an exercise price of Rs. 10/- per share granted under Employee Stock Options Scheme 2012 (ESOS -2012) to the Eligible Employees on exercise of the Options.<br/><br/>Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 40,88,23,010 to Rs. 40,88,53,010, and subscribed and paid up equity capital of the Company has increased from Rs. 40,84,14,500 to Rs. 40,84,44,500.<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.