According to reports, A holding company of the Godrej Group, Godrej Industries announced its employee stock grant scheme, in 2011 (ESGS 11).
The Nomination and Remuneration Committee of the Board of Directors of the Company has approved the allotment of 1,452 (One Thousand Four Hundred and Fifty-Two) Equity Shares of Face Value ₹1/- (Rupee One Only) each under the “Godrej Industries Limited – Employee Stock Grant Scheme, 2011 (ESGS2011).
Consequent to the lapse of the stock grants, the said employees shall have no right to claim any part of it.
The shares were issued at an exercise price of Re 1 per equity share. The shares that have been allocated are considered fully paid up.
The nomination and remuneration committee of the board of directors of the company approved the allotment of 1,452 equity shares with a face value of Re 1 each under this scheme.
Consequently, with effect from October 4, 2023, the Issued, Subscribed and Paid-Up Equity Share Capital of the Company stands increased to ₹33,66,90,028/- (Rupees Thirty-Three Crore Sixty-Six Lakh Ninety Thousand and Twenty-Eight Only) [divided into 33,66,90,028 (Thirty-Three Crore Sixty-Six Lakh Ninety Thousand and Twenty-Eight) Equity Shares of Face Value ₹1/- (Rupee One Only) each.
Recently, Godrej Consumer Products Limited (GCPL), a leading emerging markets FMCG company has signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu.
As a part of this MoU, GCPL will establish a state-of-the-art manufacturing facility in the state, investing INR 515 crore over the next five years.
The MOU was signed in the presence of the Chief Minister of Tamil Nadu Shri MK Stalin and Nisaba Godrej, Executive Chairperson, Godrej Consumer Products Limited (GCPL).
The upcoming manufacturing facility will be strategically located in Thiruporur Taluk, Chengalpattu. The district is near Chennai, Tamil Nadu. This strategic choice guarantees access to crucial southern markets and facilitates meeting requirements in neighboring regions.
