Syngene International Limited has announced the allotment of 7,29,727 equity shares to the Syngene Employee Welfare Trust. This issuance, approved by the Board of Directors on April 29, 2026, is part of the company’s Long Term Incentive Performance Share Plan 2023. As a result of this allotment, the company’s total paid-up share capital has increased to Rs. 403,66,91,470, represented by 40,36,69,147 equity shares.
Details of the Share Allotment
The Board of Directors of Syngene International Limited formally approved the allotment of 7,29,727 equity shares during their meeting held on April 29, 2026. These shares have been issued to the Syngene Employee Welfare Trust to fulfill the objectives of the Long Term Incentive Performance Share Plan 2023. The new shares are issued at a par value of Rs. 10 per share, with no premium applied.
Impact on Paid-Up Share Capital
Following this allotment, the company’s paid-up share capital has experienced a strategic increase. The capital has risen from Rs. 402,93,94,200 (consisting of 40,29,39,420 equity shares) to Rs. 403,66,91,470 (consisting of 40,36,69,147 equity shares). The new shares, identified by distinctive numbers ranging from 40,29,39,421 to 40,36,69,147, will rank pari-passu with the existing equity shares of the company, ensuring equal rights and status for all stakeholders.
Standardization and Compliance
The newly issued shares are fully dematerialized under the ISIN INE398R01022. The allotment is part of the company’s commitment to employee incentive structures designed to align the interests of the workforce with the long-term growth objectives of the organization.
Source: BSE
