Aug 30, 2008

Orchid Chemicals & Pharmaceuticals allots equity shares

Orchid Chemicals & Pharmaceuticals allots equity shares


The committee of Orchid Chemicals & Pharmaceuticals has allotted
41,79,000 equity shares of Rs 10 each at a price of Rs 202.58 per share
pursuant to conversion of warrants by Divya R (22,62,500 shares),
Sowmya R (18,81,500 shares) and M R Girinath (35,000).

Further,
the committee has allotted 1500 equity shares of Rs 10 each in favour
employees at a price of Rs 193.25 per share under ESOP 2005 scheme.

Consequent to these allotments, the paid-up capital of the company has increased from Rs 662,615,760 to Rs 704,420,760.

These shares were allotted at the committee meeting held on 29 August 2008.

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