Route Mobile Limited has informed the exchanges that the Nomination and Remunerntion Committee of the Company has approved the allotment of 3,56,441 equity shares of face value of Rs10/- each to the Route Mobile Employee Welfare Trust under Employee Stock Option Plan 2017. The shares allotted to the ESOP Trust shall be allocated to the Eligible Employees upon Exercise of Options vested to them from time to time.
Consequent to this allotment, the paid -up capital of the Company stands increased from Rs5,7,35,71,420 (consisting of 5 73,57,142 equity shares of face value R.s. 10/- each) to R.s. 5,7,71,35,,830 (consisting of 5,77,13,583 ,equity shares of face value of Rs. 10/ -each).
Route Mobile was currently trading at Rs1,763 per piece up by Rs103.8 or 6.26% from its previous closing of Rs1,659.20 per piece on the BSE, at around 12:00 PM