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MUMBAI: Mahindra & Mahindra Ltd has informed BSE that the company has pursuant to the approval of the remuneration/compensation committee and the board of directors of the company, on November 12, 2009, allotted 10,00,000 ordinary (equity) shares of Rs 1 0 each to the trustees of Mahindra & Mahindra Employees’ Stock Option Trust at a premium of Rs 714 per share, making in the aggregate a total price of Rs 724 per share, under Mahindra & Mahindra Employees Stock Option Scheme.

This is in line with the approval of the shareholders at the 54th Annual General Meeting held on July 31, 2000 and the 58th Annual General Meeting held on July 28, 2004 respectively.

The aforesaid shares rank pari passu in all respects with the existing ordinary (equity) shares of the company. — Our Bureau

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