Mamaearth Parent Honasa Allots 5.79 Lakh Equity Shares Under ESOP Plans

Mamaearth Parent Honasa Allots 5.79 Lakh Equity Shares Under ESOP Plans

SUMMARY

Of these, 5,46,601 shares have been allotted under Honasa Consumer Limited Employee Stock Option Plan 2018 and 33,248 under Honasa Consumer Limited Employee Stock Option Plan 2021

The allotted shares are worth INR 29.23 Cr as per Honasa’s closing price of Monday’s session

After the allotment, Honasa’s issued, subscribed and paid-up equity share capital will increase to 32.48 Cr from 32.44 Cr

Honasa Consumer Ltd, which owns new-age FMCG brands like Mamaearth and The Derma Co, has approved the allotment of 5,79,849 equity shares to its eligible employees under its employee stock option plan (ESOP). 

“We wish to inform you that the Nomination and Remuneration Committee of the Company vide circular resolution passed on September 02, 2024, has approved the allotment of 5,79,849 equity shares,” Honasa said in a regulatory filing. 

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